Eskom said in a presentation on Thursday that its transmission company will be operational by the first quarter of fiscal year 2025.
President Cyril Ramaphosa announced in 2019 that the debt-laden utility would be split into three divisions – generation, transmission and distribution – to improve management of a company that has relied heavily on government bail outs and frequently implements nationwide power cuts. Eskom has implemented its worst-ever power cuts this year, largely due to breakdowns in its ageing coal-fired power plants.
The government energy committee aims to bring 21 000 megawatts of additional power online between 2023 and 2026. It will buy 3 400 MW from neighbouring countries by 2026, Eskom said in its presentation.
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