General News

The Roadmap for Eskom 2019 and its impact on the IPP industry

ON TUESDAY 29 October 2019, the South African Minister of Public Enterprises, Pravin Gordhan, released, and held a media briefing on, a special paper entitled “Roadmap for Eskom in a Reformed Electricity Supply Industry, 2019” (the Roadmap). The Roadmap highlights the issues that Eskom is currently facing and then sets out the government’s plan to address them.  Eskom is currently vertically integrated.  The aim is for Eskom’s transmission business to be fully functionally separated into a newly formed subsidiary of Eskom Holdings SOC Limited by 31 December 2021 and for the legal separation of the utility into three companies – generation, transmission and distribution – by 30 December 2022. Webber Wentzel set out below a summary of the Roadmap and their thoughts on some key takeaways flowing therefrom for independent power producers (IPPs), lenders and other stakeholders.READ MORE

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