President Cyril Ramaphosa has endorsed the first phase of the Eskom Restructuring Task Team’s report, paving the way for the creation of an independent Transmission System Operator (TSO).
The proposed TSO, which will operate separately from Eskom, is expected to create a more competitive electricity market, attract investment and improve energy security.
“This report shows how government can ensure that the architecture of the electricity sector evolves in line with international best practice. It creates the foundation for South Africa’s growth,” Ramaphosa said.
The next phase will focus on developing a detailed implementation plan over the next three months. Presidency spokesperson Vincent Magwenya said the reform would support economic growth, investment and job creation.
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