The board of Eskom has appointed a board to the newly created National Transmission Company of South Africa.
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Energy regulator Nersa has approved that the National Transmission Company of South Africa be issued with a licence.
South Africa’s plan to create a separate power transmission company has been hobbled by restrictive debt arrangements with parent Eskom.
Eskom said it will give the transmission unit that it’s transforming into a separate entity a R39.9-billion loan to make sure it can complete projects and be financially viable.