South Africa’s New Unbundling Model: Delinks grid assets from future TSO
South Africa’s power sector reforms have taken a new turn and are back in the spotlight. The country’s electricity minister, in December 2025, approved the state-owned utility Eskom’s revised unbundling strategy. Under the structure, a new holding company will be established with four subsidiaries – National Electricity Distribution Company of South Africa to strengthen distribution networks; GenerationCo to hold legacy generation assets; Eskom Green – a new subsidiary to house Eskom’s renewable energy business; and the National Transmission Company of South Africa SOC Limited.
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