The City of Johannesburg will establish ring-fenced electricity revenue accounts and implement infrastructure and revenue management reforms under an Eskom-backed intervention plan aimed at addressing City Powers R5,2 billion arrear debt and stabilising electricity distribution operations.
The intervention follows Eskoms recent notice of intention to interrupt electricity supply to certain Johannesburg bulk supply points.
Speaking during a media briefing at City Powers Johannesburg headquarters on May 26, Minister of Electricity and Energy Kgosientsho Ramokgopa said the parties will continue implementing the agreement reached last year rather than negotiating a new arrangement.
