Eskom secures funding for renewables

File: Eskom's head office in Gauteng. eNCA

JOHANNESBURG - The World Bank has approved South Africa’s application for funding to kickstart the Just Energy Transition Project at Komati power station.

Eskom will receive a cash injection of R9-billion to fund the project that will eventually add renewables to our energy mix.

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The Just Energy Transition Project will convert the decommissioned Komati power station into a renewable energy site providing 150MW of solar and storage batteries as well 70MW of wind energy.

Eskom says shutting down the plant will not have a significant impact on national supply.

While some of the station's workers will be upskilled, others will lose their jobs.


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