MPs toil to produce ISMO Bill on deadline

ISMO Bill to work in two sections…

parlycommitteeState law advisors (SLA)working on the ISMO Bill advised on all changes debated during four meetings in a week of earnest discussion separating the Bill into both an enabling document setting up the ISMO authority with provisions to make it a workable authority, and adding a second document being the framework of timings to which the ISMO process would work.

SLA members presented on the final day its refinements to the amended documents, commenting for its reasons in the process. The Bill was stated in the State of Nation Address as a prerequisite of future operations in the independent power producer (IPP) area if any advances were to be made in this area of energy development.

Deadline because of IPP investment needs

A deadline of the early portion of the second session of the 2013 Parliament is still slightly late but this appears to have satisfied department of energy officials and parliamentary members.

A call was made by opposition members for a lot more of the planning surrounding the application of the integrated resources plan to be handed over by the department of energy (DoE) to the new ISMO.

It was noted by parliamentarians that any reference to transfer of transmission or grid assets is with Eskom Holdings and not with Eskom per se and that the entire ISMO process is referring to the process of transmission mechanics, not the countrywide power line system.

The major debate related to the powers and delegated authority to the new ISMO board and keeping all such activities within the ambit or at least in terms of guidance to the Companies Act as well as the PMFA.

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