Eskom, which announced its interim financial results on Friday, says it has made progress with unbundling and expects that a license for its new subsidiary transmission company will be issued by the end of April.
The Cabinet also announced progress on Eskom's unbundling this week with the approval of the Electricity Regulation Amendment Bill, which will establish the independent market and system operator and further open up the electricity market to competition. This means it must fund its capital costs from the revenue it earns from operations. Large capital projects – such as investment in the transmission grid – will need permission.
The impact of rising unpaid debts owed to Eskom was also considered, and it was hoped that the Treasury would soon table a solution to deal with defaulting municipalities. A deep dive into the big business story of the week, as well as expert analysis of markets and trends.
_Business It’s not unbundling it’s Privatization nothing else
_Business The real job of the Black King Minister of Electricity has already started The CoalMafia episode is next
_Business Just in time for stage 6 winter!
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: News24 - 🏆 4. / 80 Read more »
Source: News24 - 🏆 4. / 80 Read more »