Eskom has been in ailing economic health for a number of years and struggles to keep the lights on. In recent weeks, Eskom has been load-shedding, with South Africans experiencing a number of power cuts across the country due to failing generation units.
South Africa’s parliament agreed to distribute R59 billion (about $4 billion) to beleaguered state utility company Eskom last week Through a special appropriations bill, the government will provide the power utility R26 billion in the year through March and R33 billion
The South Africa government it will look to complete the legal separation of state power utility Eskom into three units – generation, transmission and distribution – by around 2022, a government plan showed on Tuesday, according to Reuters and local media following a statement to a news conference by Public Enterprises Minister Pravin Gordhan.
Eskom has been in ailing economic health for a number of years and struggles to keep the lights on. In recent weeks, Eskom has been load-shedding, with South Africans experiencing a number of power cuts across the country due to failing generation units.
South Africa’s parliament agreed to distribute R59 billion (about $4 billion) to beleaguered state utility company Eskom last week Through a special appropriations bill, the government will provide the power utility R26 billion in the year through March and R33 billion the following year, according to Bloomberg.