South Africa unveils plan to split state-owned power firm Eskom
PRETORIA - South Africa plans a sweeping overhaul of its power sector by breaking up loss-making state utility Eskom over the next three years and opening the industry up to more competition, a long-awaited government paper showed on Tuesday.
The paper set out a vision for a restructured electricity supply industry, where Eskom could relinquish its near-monopoly and compete with independent power producers to generate electricity at least cost. Some analysts say that keeping the transmission unit within an Eskom umbrella runs counter to its stated aim of boosting competition as it will undermine the unit’s independence.Public Enterprises Minister Pravin Gordhan said the paper was the beginning of a “protracted process” to foster greater efficiency, transparency and management focus in the sector.
The aim is to change a situation where South Africa is reliant on Eskom’s creaking fleet of mainly coal-fired power stations for more than 90% of its electricity and has rigid rules for power procurement.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Vladimir Putin flaunts Russia’s increasing influence in AfricaBut the country is not as important as its spin suggests
Leer más »
Four things to know about growing clout of Russia and China in AfricaWhy global powers are increasingly accelerating their investments into the African continent, while China and Russia have already made significant gains in the region
Leer más »
Charlize Theron to Host Africa Outreach Project Fundraiser With Boyz II MenAcademy Award-winner Charlize Theron will host a fundraising event for the Charlize Theron Africa Outreach Project on Nov. 12 at the Africa Center in New York City. The event, presented by Dior, wi…
Leer más »
South Korea proposes talks with North to discuss Mt Kumgang resortSouth Korea proposed talks with North Korea on how to handle the North's Mt...
Leer más »
United, Avianca and Copa's South American deal delayed as they mull fourth partnerA proposed joint venture between United Airlines , Colombia's Avianca Holdi...
Leer más »