Eskom revamps its strategy as monopoly fades

South Africa’s state power utility is looking to develop new revenue streams as it prepares to unbundle and relinquish its dominance in electricity generation and transmission.

Eskom executives are meeting this week to discuss how to approach the liberalisation of the electricity market in South Africa, marking a significant shift in the utility’s public position on President Cyril Ramaphosa’s drive to reform the industry.

“We have really abandoned the notion of owning everything or doing everything by ourselves,” Chief Executive Officer Dan Marokane said in an interview with Bloomberg Television. “We are going into the strategy session in the next three days so we can align on what the end state looks like for us.”

Eskom previously expressed concerns about plans to split the company into generation, transmission and distribution units.

But Marokane said the reforms were “irreversible” and the utility is looking ahead to supplying power to data centres,

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