Gordhan says Eskom restructuring will avert ‘protracted failure’ of utility

Public Enterprises Minister Pravin Gordhan acknowledged that Eskom is in crisis but has dismissed suggestions that the utility is broken and heading for a “protracted failure”, saying that the restructuring under way will result in the emergence of a “completely different entity”. Speaking at the tail-end of a heated debate on the electricity crisis in the National Assembly, Gordhan acknowledged that Eskom’s current predicament had its roots in a failure by the ANC-led government to react quickly enough to warnings of an impending power shortage, as well as its failure to implement the 1998 White Paper.