DStv Channel 403 Friday, 22 November 2024

Eskom secures funding for renewables

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.

READ: Ramaphosa says municipalities, govt departments owe Eskom over R50bn

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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