World Bank to finance R9.09bn Komati energy transition project

The World Bank has approved South Africa’s request to finance a $497 million * project to decommission and repurpose Eskom’s Komati coal power plant in Mpumalanga using renewable energy and batteries. This is in a bid to reduce carbon emissions and support job creation, under the country’s Just Energy Transition mandate. Read: Chimney collapses at Kusile power plant In a statement issued on Friday, the institution noted that the Komati JET project will be jointly financed with a $439.

“The end of Komati’s coal-fired journey marks the beginning of another exciting journey in the service of South Africa,” the power utility said. Emissions challenge “Reducing greenhouse gas emissions is a difficult challenge worldwide, and particularly in South Africa given the high carbon intensity of the energy sector,” notes World Bank Group President David Malpass. The institution elaborates that SA’s power sector accounts for 41% of the country’s carbon emissions.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

We Buy Furniture – The furniture company that has given away R750 000 in FREE furnitureWe Buy Furniture/Clearance Warehouse taking South Africa by storm, offering brand new, demo, top brand pre-owned furniture and appliances at exceptional prices.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Nominate your most loved local business for a chance to win a share of R150 000!If you've ever had a coffee at your local cafe, enjoyed a brunch at a seasonal eatery, or bought a gift from an online store or florist, then you probably appreciate the driving forces and the friendly faces behind such unique and original businesses. DarrenKeriSkyOnECR ENTERED 🤞 it says competition has ended It has to be my neighbours tuck shop (Khumalo Tuck shop). They made my life so easy. You can ANYTHING and it has different payment options. You can even ask for cash back. Its amazing 💕
Source: ecr9495 - 🏆 38. / 51 Read more »

We Buy Furniture – The furniture company that has given away R750,000 in FREE furnitureWe Buy Furniture/Clearance Warehouse is taking South Africa by storm, offering brand new, demo, top brand pre-owned furniture and appliances at exceptional prices.
Source: mybroadband - 🏆 11. / 67 Read more »