SYDNEY, Sept 23 (Reuters) - A consortium comprising pension fund AustralianSuper and pension fund investor IFM Investors are the new bidders for the long-term lease of the nation's biggest power network, Ausgrid, Australia's New South Wales state government said Friday.
"As part of the standard process for unsolicited private sector proposals, the NSW Government has established an experienced cross-agency panel to thoroughly assess the proposal," the government said in a statement on Friday.
Australia's federal government last month blocked the sale of Ausgrid, to state-owned State Grid Corp of China and Hong Kong-listed Cheung Kong Infrastructure Holdings 1038.HK on security concerns.