Eskom seeks partners for R1 trillion energy transition | Fin24

Eskom said its energy-transition plan may require as much as R1.2 trillion of investment for new-generation and distribution capacity, with the bulk of the money expected to come from private investors. | Fin24

, President Cyril Ramaphosa unveiled plans to allow greater participation by the private sector in electricity production in a bid to end a 14-year energy crisis.

South Africa relies on coal for more than 80% of its electricity and has experienced frequent power cuts due to the unreliability of its aging and poorly maintained plants. The world’s 13th-biggest greenhouse gas emitter also needs R300 billion to improve its air quality over the next decade, Mflathelwa said.

A stricter enforcement of laws on air quality could result in about 16 000 megawatts of Eskom generation being taken off the grid, posing “a security of supply problem” for the utility, the official said. In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.

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