Eskom expects clarity on transmission unit start early this year

Power utility Eskom Holdings expects clarity early this year around the start of its independent transmission unit, which still awaits licence approvals and the sign-off of creditors. Separating the business, with generation and distribution arms to follow, is part of the company’s strategy to return to profitability. Eskom signed a legally binding agreement with the new subsidiary, though a number of steps remain before the process is complete.