PHUTI MOSOMANE
PRESIDENT Cyril Ramaphosa has announced that the National Transmission Company of South Africa (NTCSA) will be launched soon in a bid to reduce the severity of load shedding and achieve the energy security in SA.
Ramaphosa was delivering a keynote address at the South Africa Investment Conference on Thursday morning held at the Sandton Convention Centre.
The conference is attended by delegates from diverse industries in South Africa and around the world.
“We expect the National Transmission Company to be fully operational shortly,” said Ramaphosa.
“The debt transfer package for Eskom, together with the progress made in unbundling the utility, will enable the necessary investment in the transmission network and in maintenance of Eskom’s generation fleet.”
The establishment of the new transmission company will open the way towards the unbundling of Eskom and forms part of government’s wide-ranging reforms in the electricity sector to enable private investment in electricity
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