Back-on-track independent State-owned transmission entity is very good news
President Cyril Ramaphosa has brought the sudden uncertainty around South Africa’s electricity transmission future to a welcome end. In last week’s far-reaching State of the Nation Address, the President made it clear that the new transmission entity will own and control powerline assets, and not Eskom.
It’s also good news that this year will see the first round of independent transmission projects that will enable private investment to expand South Africa’s national grid – and our economy along with it. Relying on a single supplier to meet energy needs is being avoided, thank goodness, and in its place is a level playing field to enable economically crucial competition to be exercised.
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