The head of South Africa’s state power utility held discussions with the World Bank as it explores options for transitioning from coal-fired stations to cleaner sources of energy.
Eskom Holdings SOC Ltd. Chief Executive Officer Andre de Ruyter traveled to the bank’s headquarters for the talks earlier this week. The utility supplies more than 90% of the country’s electricity, the bulk of it from coal.
“The Eskom CEO visit was part of ongoing engagement that the bank carries out with counterparts in country and in Washington D.C., including on proposed projects,” though none have been finalized, a spokesperson for the lender said in an emailed response to questions.The U.S., U.K., France, Germany and the European Union pledged $8.
It’s also administrating a $250 million loan from the Clean Technology Fund to finance a battery-storage program, the bank said in September.
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