South Africa has decided to increase the share of renewable energies in its energy mix, to reduce its greenhouse gas emissions. To contribute to the efforts, the World Bank and other partners will disburse US$497 million for the conversion of a coal-fired power plant in Komati.
South Africa will receive US$497 million from the World Bank and other partners to finance a renewable energy project, a release dated November 3 announces.
The funding will be used specifically "to decommission and repurpose the Komati coal-fired power plant using renewables and batteries". Under the country’s energy transition program, it will allow the installation of a combination of 220 MW of renewable energy solutions (including 150 MW of solar photovoltaic and 70 MW of wind) and 150 MW of batteries to replace the current coal-fired power plant and improve the quality of the energy supply and the stability of the grid.
A few years ago, South Africa initiated actions to move towards a low-carbon development path, with reliable, affordable, and sustainable energy for every resident. By 2030, it hopes to retire 12 GW of its coal-fired power plants while developing 18 GW of renewable energy, relying primarily on the private sector.
Decommissioning and repurposing the Komati coal-fired power plant “is critical to our understanding of the sustainability of decommissioning, repurposing, and mitigating the socio-economic impacts for workers and communities before we scale up the move of the power sector into a low-carbon path,” said South African Minister of Public Enterprises, Pravin Gordhan.
Ultimately, the authorities hope the project will have positive social benefits for the Komati region. Part of the project's funding will be used to create economic opportunities for local communities, which should benefit about 15,000 people. Workers at the Komati plant will either be transferred to other facilities operated by Eskom, the national power company, or take part in upskilling programs for the deployment of renewable energy plants.
Moutiou Adjibi Nourou
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...
BYD plans to open 35 dealerships in South Africa by Q1 2026, earlier than initially scheduled...
The government will apply a 15% tax on all payments to foreign digital platforms starting Jan. 1...
Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...
• Benin says a coup attempt was foiled, crediting an army that “refused to betray its oath.” • Cotonou remains calm, but residents stay cautious as...
In Cotonou, Benin’s economic capital and home to the country’s leading institutions, the situation remained calm this morning despite a tense start....
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims to cut costly foreign maintenance reliance for Nigerian...
ONCF targets 60% rail-incident reduction by 2030 via proactive safety overhaul Plan expands surveillance, AI tools, drones, and smart fiber intrusion...
Mauritius recorded a 56% increase in UK Google searches for “Christmas in Mauritius” over the past three months. The island ranked fourth overall...
Niokolo-Koba National Park, designated both a Biosphere Reserve and a UNESCO World Heritage Site, is one of the ecological treasures of Senegal and all of...