Eskom's Kusile coal-fired power station in Mpumalanga Picture: BLOOMBERG/WALDO SWIEGERS
The allocation of $500m each to the coal-dependent countries will come in the form of “concessional,” or low cost, finance, the World Bank-affiliated fund said in a statement Thursday. In Indonesia, CIF will work with state power provider Perusahaan Listrik Negara and private companies to accelerate the closure of 2,000MW of coal-fired generation by five to 10 years and explore how that capacity can be replaced.
OK thanks for the funding, but why is renewable energy failing in Europe? Esp now when Russia turns off Europe's gas supply. When will the lithium run out? And who will distribute all that money in corruption sick SA?
Close what?
To spend on what...?
Yeah neh, some leaders we have
We are such fucktards in this country
Green Energy creates a bigger demand for coal