A group of the world’s richest nations that pledged $8.5-billion in climate finance to South Africa wants the money to be used to retire coal-fired power plants.
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Energy regulator has granted Eskom an overall average tariff increase for the 2022/2023 financial year of 9.61%.
Government plans to restructure Eskom’s debt before elections in 2024, and will only provide additional support if the company sells assets and cuts jobs, finance minister Enoch Godongwana said.
Eskom is considering selling distribution assets as prospects of the government taking over about half of its R392-billion obligations dim, sources said.
A revised Integrated Resource Plan is needed, especially in view of the rapid developments in energy-generating technologies. By Hartmut Winkler.
Eskom and the department of trade, industry & competition are tussling over who will get the $8.5-billion promised to help South Africa transition away from coal.
Huawei Technologies will spend R9.5-billion to build a new headquarters and R&D centre for its digital power unit.
Renewable energy has the potential to accelerate growth and set South Africa on a course towards a low-carbon economy, energy minister Gwede Mantashe has said.
Government is considering taking over part or all of Eskom’s R392-billion in debt, the International Monetary Fund has disclosed.
Government has published proposed changes to the Electricity Regulation Act that will facilitate the opening of the national power grid to private generators.