World Bank grants consent for legal separation of Eskom’s Transmission division

An image of the Eskom logo on flags

The World Bank has granted its consent for the proposed legal separation of the Transmission division from Eskom Holdings to the National Transmission Company South Africa

Photo by Bloomberg

28th November 2023

By: Tasneem Bulbulia

Senior Contributing Editor Online


Font size: - +

State-owned utility Eskom has announced that multilateral development bank the World Bank, a key strategic creditor of the entity, has granted its consent for the proposed legal separation of the Transmission division from Eskom Holdings to the National Transmission Company South Africa (NTCSA).

“The World Bank's consent marks a significant milestone in advancing our turnaround plan and contributing towards a sustainable resolution of the country’s energy crisis. It is subject to certain conditions, for example, confirmation that all the necessary suspensive conditions required to operationalise NTCSA have been met.

“With the NTCSA having obtained licences for the operation of a transmission facility, as well as an electricity trading and an import/export licence from the National Energy Regulator of South Africa (Nersa), obtaining the remaining financial creditor consents is one of the final outstanding conditions to the implementation of the legal separation of Transmission.

“We are hopeful that the remaining consents will be granted as soon as possible so that we can finalise this process,” says Eskom acting group CE Calib Cassim.

Eskom explains that the legal separation of Transmission is a strategic objective and key aspect of Eskom’s Turnaround Plan envisaged in the Department of Public Enterprises’ ‘Roadmap for Eskom in a reformed electricity supply industry’.

Eskom adds that the separation of the Transmission division is pivotal, enabling much-needed new grid access, to encourage investment in the generation sector and, through that, help the country improve its security of supply. 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online



Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...


Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?







sq:0.414 0.474s - 138pq - 2rq
Subscribe Now