Vodacom, Eskom sign historic first virtual wheeling agreement

Telecommunications giant Vodacom and South African State-owned power utility Eskom on Wednesday signed a first-of-its-kind virtual wheeling agreement that moves the JSE-listed firm closer to its goal of sourcing 100% of its electricity demand from renewable energy sources by 2025 while adding capacity to the strained national grid. The agreement, co-developed by the parties to help accelerate efforts to solve the country’s energy crisis, enables Vodacom to secure independent power producers (IPPs) on the same terms and conditions that underpin its agreement with Eskom.