Eskom commissioned coal-fired units as recently as this year
South Africa's Eskom seeks transition funding
State-owned South African utility Eskom is seeking financial backing for its decarbonisation efforts, including the construction of at least 4GW in gas-fired generation capacity
South Africa faces frequent power outages and load shedding, as the country’s overburdened network strains to cope with high demand, poor infrastructure and widespread theft and damage. Carbon intensity is also high, due to South Africa’s overwhelming reliance on ageing coal-fired power plants, with the IEA rating the country as “one of the most energy intensive economies”. But South Africa has also committed to decarbonise through its National Development Plan, which calls for a “Just Energy Transition (JET)” that “does not impede socio-economic development”. Eskom is therefore now seeking foreign and institutional investors—on behalf of the government in Pretoria—in order to overhaul its g
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
19 November 2024
Energy minister says country is delaying first oil production until pipeline and refinery are ready
