Eskom’s Komati coal-fired power plant has secured R9-billion from the World Bank and other funders to generate renewable energy from the site.
Author: Paul Burkhardt
Here’s how implementation of the emergency plan to resolve South Africa electricity supply crisis has progressed.
South Africa will need to build solar and wind plants at a blistering pace – almost nine times faster than it previously has – over the next decade.
South Africa, which has been experiencing energy shortages since 2008, is in the throes of its worst power cuts on record.
South Africa will move ahead with the allocation of three onshore wind stations from a delayed round of bidding to provide renewable power.
Eskom could run coal-fired stations for years longer than originally planned to allow more renewable power to be built.
The Kusile power station in Mpumalanga will burn as much as 15 million tons of coal a year until it is eventually shut down in 2073.
South Africa’s crippling power cuts are approaching an annual record, and there are still six months to go.
Futuregrowth Asset Management, a South African fixed-income money manager with R193-billion of assets, is raising a fund to invest in start-ups.
Eskom said most of its workforce is in place following unlawful industrial action, though generation capacity has yet to improve.