Eskom will suspend load shedding at 5am on Thursday but has warned that “significant risks remain” and the rolling blackouts could be implemented again “at short notice”.
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Pacific Investment Management Co has agreed to lend a South African state development bank R3-billion, the first deal in a United Nations programme to fund green energy in Africa.
Load shedding will continue until well into next week, electricity utility Eskom said on Friday evening.
The obstacle to getting higher EV adoption rates in South Africa has not been the cost of EVs but rather how much more they cost.
Eskom will implement stage-2 national load shedding from 9pm on Thursday evening. The rolling blackouts will continue until 5am, the state-owned utility said.
Eskom has said retrofitting about half of its coal-fired plants with pollution-cutting equipment would cost more than R300-billion and boost electricity costs.
South Africa could be plunged back into load shedding as the national electricity system is under “severe pressure”, Eskom warned.
FedEx Express has completed an electric delivery vehicle trial in Johannesburg and now plans to introduce EVs into its South African fleet.
Positive environmental news is rare. All the more reason to cheer an effort that might see wealthy nations help South Africa curb its coal addiction.
Energy regulator Nersa has rejected a multi-year revenue application by state-owned power utility Eskom, the regulator said in a statement.