World Bank grants consent for legal separation of Eskom’s Transmission division

State-owned utility Eskom announces that multilateral development bank the World Bank, a key strategic creditor of the entity, has granted its consent for the proposed legal separation of the Transmission division from Eskom Holdings to the National Transmission Company South Africa (NTCSA). “The World Bank’s consent marks a significant milestone in advancing our turnaround plan and contributing towards a sustainable resolution of the country’s energy crisis. It is subject to certain conditions, example, confirmation that all the necessary suspensive conditions required to operationalise NTCSA have been met.