In a significant development towards the restructuring of South Africa’s electricity supply industry, Priscillah Mabelane, Executive VP of Sasol’s energy business, has been appointed as the Chairperson of the board of directors for the National Transmission Company of South Africa (NTCSA). This announcement follows Eskom’s long-anticipated decision to separate into three distinct entities, with the NTCSA playing a pivotal role in the evolving energy landscape.
The NTCSA’s establishment as an independent transmission entity is part of a broader strategy to promote competition and diversification in South Africa’s electricity generation sector. This move is a significant departure from the historical dominance of Eskom as a vertically integrated monopoly.
The NTCSA has already achieved significant milestones, including business registration and the acquisition of the necessary licenses from the National Energy Regulator of South Africa.
Mteto Nyati, Eskom’s Chairperson, hailed the appointment, stating, “The appointment of the NTCSA board takes Eskom a step closer to unlocking the potential that comes with the planned transformation of the electricity industry.” Nyati emphasized the importance of delivering reliable, affordable, and environmentally friendly electricity supply to South Africans.
Mabelane, a Chartered Accountant with extensive leadership experience in finance, strategy, and the energy sector, currently plays a key role in Sasol’s transition towards a more sustainable and green energy model. Her appointment reflects her expertise and commitment to the energy transition in South Africa.
The newly appointed NTCSA board comprises 11 members, including Dr. Brian Armstrong as the lead independent director, Lungile Mashele, Carmen Le Grange, Anu Sing, Nkosinathi Solomon, Professor Mark Swilling, Auke Lont, Professor Francis Petersen, Sedzani Mudau, Dr. Busisiwe Vilakazi, and Tryphosa Ramano.
The NTCSA is expected to commence operations on April 1st, marking a significant milestone in South Africa’s journey towards a reformed electricity supply industry. Further updates on the NTCSA’s progress will be shared in due course, including the status of bondholder support, an essential element for operationalization.
