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
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
