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Eskom welcomes accelerated energy market reforms with opening of the pre-qualification tender for the procurement of Independent Transmission Projects (ITPs)

Africa Biz Watch by Africa Biz Watch
July 31, 2025
Loss before tax for the 2024 financial year improves by R9 billion to R25.5 billion; NTCSA separation triggers once-off accounting adjustment leading to loss after tax of R55 billion; profit forecast for the 2025 financial year due to improved performance.
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Thursday, 31 July 2025: Eskom welcomes the achievement of the next stage of ensuring new electricity generation capacity can connect to the transmission grid and to get it to the point of demand with the opening of the pre-qualification tender for private sector funders to express interest in the procurement of Independent Transmission Projects (ITPs).

“A significant milestone has been reached today to realise the delivery of new transmission infrastructure that will deliver  greater competition and facilitate the transition from high carbon to low carbon sources of energy to drive economic growth to the benefit of all citizens, thanks to the leadership of the Minister of Electricity and the Director General of the National Treasury,” said Dan Marokane, Eskom’s Group Chief Executive. “The clear, transparent policy framework is designed to crowd in large scale private sector funding through providing the safeguards required including predictability and governance that enables developers to seamlessly start due diligence to bid competitively,” Marokane continued.

The National Transmission Company South Africa (NTCSA) has been supporting the ITP under the leadership of the Ministry of Electricity and Energy, in collaboration with National Treasury, in the areas of strategic management and oversight; procurement; contracts and design requirements and legal and regulatory matters.

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Eskom through its subsidiary, NTCSA, has been hard at work preparing the seven projects to be procured under Phase 1 of the ITP Programme, ensuring the accelerated delivery of the country’s Transmission Development Plan. The seven projects include those beyond the broader Cape regions and are planned to reach implementation readiness in 2026. We are comfortable that NTCSA will continue with these projects to ensure that they are ready for the ITPs to construct after the procurement process is completed.

ENDS

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