Gordhan: Eskom unbundling on track with final plan making progress

Gordhan: Eskom unbundling on track with final plan making progress

Eskom's unbundling is going as planned according to Public Enterprises Minister Pravin Gordhan. The minister confirmed that a final plan is progressing well and that there is no deviation from this strategy.

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Public Enterprises Minsiter Pravin Gordhan is adamant that the plan to unbundle embattled Eskom is on track.

Briefly.co.za reported that President Cyril Ramaphosa had announced that the power utility will be split into three separate entities, namely transmission, generation and distribution.

Gordhan commented that the final plan for the split is making head-way, saying that:

“Good progress has been made in relation to working out a road map to implement the proposals in the February 2019 Sona to separate generation, transmission and distribution functions into three separate business entities wholly owned by the state. There is no deviation from this strategic path."

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These comments come as the plan receives criticism for a delay in implementation, something which compounded following the president admitting that Eskom's finances was a cause of 'grave concern', reports eNCA.

During his State of the Nation Address, Ramaphosa announced that the utility will be receiving another bailout from the government.

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Source: Briefly.co.za

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