Mteto Nyati stays as Eskom shifts from load shedding to ‘Eskom 2.0’
Cabinet has extended Mteto Nyati’s tenure as Eskom board chair for another three years, tasking him with steering the power utility into its “Eskom 2.0” era as it transitions beyond the load-shedding crisis.
Eskom, South Africa's power utility, has announced the reappointment of Dr. Mteto Nyati as its board chairperson for another three years, marking a shift towards what the government is calling "Eskom 2.0." This new era is aimed at transitioning the utility from a primarily state-run operation to one that navigates a more competitive and liberalised energy market.
Minister Kgosientsho Ramokgopa stated that Cabinet chose continuity in Nyati's leadership, citing his suitability to steer Eskom through this transition alongside his team of board members and technocrats led by CEO Dan Marokane. The reappointment comes as Eskom enters a new phase following 16 months without load shedding, thanks to improved generation performance.
The utility now faces the challenge of adapting to the evolving electricity sector, with a mandate to develop a three-to-five-year roadmap covering various aspects such as generation fleet, transmission expansion, renewable energy, nuclear and gas strategy, customer service, regional expansion, and efficiency improvements. Artificial intelligence is also expected to play a significant role in Eskom's operations under this new era.
Ramokgopa emphasized that Eskom must become financially sustainable without relying on repeated fiscal support or steep tariff increases, signaling government's commitment to a sustainable business model for the utility.
Brief written by urgent.news from IOL's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
