Eskom CEO Urges Sustainable Grid Separation as Utility Keeps Profitable Transmission Network
Updated
Updated · Bloomberg · Jun 23
Eskom CEO Urges Sustainable Grid Separation as Utility Keeps Profitable Transmission Network
1 articles · Updated · Bloomberg · Jun 23
Summary
Dan Marokane said Eskom’s planned separation of transmission assets must be carried out in a way that preserves the state utility’s sustainability.
The warning centers on how the grid carve-out is implemented, with Marokane signaling that restructuring cannot undermine Eskom’s financial viability.
December’s government decision let Eskom retain ownership of the national power-line network, the utility’s most profitable division, easing one major risk in the overhaul.
The comments show Eskom backing power-sector reform in principle while pressing for terms that protect the company during South Africa’s electricity-market restructuring.