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

📆 2023/09/20 10:24:00
📰 allafrica

⏱ Reading Time:
30 sec. here
2 min. at publisher
📊 Quality Score:
News: 15%
Publisher: 99%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Africa: Tinubu Seeks Reform of Global Finance Bodies in Africa's InterestPresident Bola Tinubu yesterday sought the reform of the global finance bodies in Africa's interest as he engaged in bilateral discussion with South African president, Cyril Ramaphosa, in New York City, ahead of the United Nations General Assembly.
Source: allafrica - 🏆 1. / 99 Read more »