- International news agency, Bloomberg, reports that South Africa’s state owned power utility, Eskom, expects clarity early this year around the start of its independent transmission unit, which still awaits license approvals and the sign-off of creditors.
Functional separation of the entities is complete with boards in place, legal separation now in process. The legal separation of transmission was originally expected to be completed by December 2021 while generation and transmission legal separation is expected to be completed in December 2022. Read more
“A more definitive timeline toward operationalization of the new transmission company will be finalized early in the new year following engagements between Eskom, government, and other key stakeholders,” Eskom said Friday in a reply to questions.
Among the remaining steps is regulatory approval of electricity licenses for the new transmission company, which could take up to 120 days, according to the utility. The consent of lenders and creditors is also needed to complete the process.
Eskom’s Chief Executive Officer (CEO), Mr Andre de Ruyter has confirmed that there will be no forced retrenchments as a result of the restructuring process. The unbundling process will cost the utility R500 million. Read more
Author: Bryan Groenendaal