The transaction will see the divestment of a majority stake in the electricity network.
The New South Wales Treasurer Gladys Berejiklian said: “NSW will launch its final poles and wires transaction on 5 December, delivering on a key election commitment to unlock billions of dollars for new infrastructure across the State.”
The government will call for expressions of interest for the long-term lease of 50.4% of Endeavour Energy.
The sale is the final of the three electricity network assets being transacted under the government’s $20bn rebuilding NSW plan.
Berejiklian said: “We have already achieved outstanding results in our TransGrid and Ausgrid transactions and we are well on our way to delivering our target of $20bn to go towards new infrastructure across NSW.
“These transactions are allowing us to invest billions of dollars in to new roads, hospitals, schools, public transport, sports and cultural facilities, as well as vital water infrastructure in our regions.”
The federal government has indicated that it now in a position to give clear guidance to potential bidders regarding the foreign investment review process.
In August, Australia blocked the sale of the New South Wales electricity provider, Ausgrid to two Chinese companies citing security concerns.
Australian Treasurer Scott Morrison prohibited Chinese state owned company State Grid and Hong Kong-based Cheung Kong Infrastructure Holdings from buying 50.4% stake in Ausgrid.
