South African power utility Eskom invited tenders for the establishment of a standalone renewable energy business.
The invitation closes on May 7, according to a statement dated April 9 published on Eskom’s website. The creation of a separate unit will help accelerate the rollout of renewable energy, Eskom said in the statement.
“The objective for the new subsidiary will be to operate independently of the main Eskom entity to allow for greater governance agility, competitive market positioning, and enhanced public-private partnerships,” the state-owned company said.
Africa’s most-industrialised economy has relied on state-owned Eskom for the bulk of its electricity supply for more than a century. Eskom produces most of its power from coal-fired facilities and its plan to shift to cleaner sources of power has hit multiple delays, from grid constraints to court battles that slowed a program to build renewable plants.
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