Eskom celebrates a pivotal moment as the World Bank grants approval for the legal separation of its Transmission Division, a key element of Eskom’s Turnaround Plan.
The approval is conditional upon meeting suspensive criteria for the operationalization of the National Transmission Company South Africa (NTCSA).
Eskom’s Acting Group CEO, Calib Cassim, expresses optimism, citing the move as a significant stride toward resolving the country’s energy crisis. The separation is a strategic objective, aligning with the Department of Public Enterprises’ reformative roadmap for the electricity supply industry.
NTCSA, having obtained essential licenses from the National Energy Regulator, awaits the finalization of financial creditor consents. The World Bank’s recent USD 1 billion Development Policy Loan for South Africa underscores its broader commitment to long-term energy security, positioning Eskom for progress in tackling pressing energy challenges.
