Energy – 18 March 2024
ENERGY
- Eskom. The National Energy Regulator of South Africa (Nersa) has consented to the transfer of Eskom’s powers and duties related to section 34 Power Purchase Agreements with Independent Power Producers (IPP) to the National Transmission Company South Africa (NTCSA). It also sanctioned issuing a cost recovery letter to the NTSCA for section 34 IPP projects to designate the NTSCA as the buyer in terms of the Energy Regulation Act. The regulator said Eskom’s application for consent to transfer its power and duties — submitted in December 2023 — was a pivotal step of the power utility’s unbundling process. The project aims to make Eskom more manageable and encourage more private sector participation in electricity production. It could also allow IPPs to compete directly with Eskom’s generation division. (Source)
