Australia's NSW state election set to greenlight blockbuster energy sell-off

March 27, 2015 4:16 AM

13 0

SYDNEY (Reuters) - The Australian state of New South Wales is expected to re-elect its conservative government on Saturday, endorsing the country's largest ever privatization, the partial sale of a state-owned electricity network worth around A$17 billion ($13 billion).

Electricity privatization has been a divisive issue in the country's most populous state for two decades, but opinion polls suggest the state premier Mike Baird has won over voters with his promise to use the proceeds to fund road and rail projects to ease congestion in traffic-choked Sydney.

Read more

To category page