South Africa's Eskom could be split into three separate firms under proposals from experts President Cyril Ramaphosa has hired to help revive the ailing state power company, two sources familiar with the matter told Reuters.
Reforming Eskom is vital to get Africa's most industrialised economy firing on all cylinders. It supplies more than 90 percent of the nation's power but is drowning in debt.
A Sustainability Task Team, picked by Ramaphosa, is due to report to the president next week, but shared its preliminary thoughts about Eskom with senior members of the ruling African National Congress (ANC) at a two-day meeting that ended on Monday.
One senior ANC source briefed by the task team said it proposed a "functional unbundling of Eskom," which would involve separating it into three state-owned entities responsible for power generation, distribution and transmission.
Read more.....
Reforming Eskom is vital to get Africa's most industrialised economy firing on all cylinders. It supplies more than 90 percent of the nation's power but is drowning in debt.
A Sustainability Task Team, picked by Ramaphosa, is due to report to the president next week, but shared its preliminary thoughts about Eskom with senior members of the ruling African National Congress (ANC) at a two-day meeting that ended on Monday.
One senior ANC source briefed by the task team said it proposed a "functional unbundling of Eskom," which would involve separating it into three state-owned entities responsible for power generation, distribution and transmission.
Read more.....
RSS Feed
