South Africa: National Transmission Company Can Now Get 'Down to Business'

📆 9/20/2023 8:24 AM
📰 allafrica

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Public Enterprises Minister Pravin Gordhan has welcomed the National Energy Regulator of South Africa's (NERSA) decision to approve the trading and import/export license applications by the National Transmission Company of South Africa (NTCSA).

The NTCSA is wholly owned by Eskom as the state-owned company is being restructured into the generation, transmission and distribution subsidiaries.

"The granting of these licences means that the National Transmission Company of South Africa is ready to get down to business and bring a much-needed overhaul of our electricity industry. This is a significant milestone as it also paves the way for the procurement of power from across the region," Gordhan said.

"The terms of the NTCSA's trading licence will be five years as a transitional arrangement to allow for transition from the exclusive trading arrangement and incorporation of changes that may emanate from the ERA amendment and price review processes.

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