Germany says South Africa’s delayed path away from coal is ‘not ideal’, but it is patiently waiting to help fund the R390 billion move.
Germany is willing to help fund the R390 billion that South Africa said it needs to incorporate more solar and wind power into the national grid and ensure its energy security.
“There is a need for investments in the quality and the quantity of the grid,” Rainer Baake, envoy for the Just Energy Transition Partnership, said in the South African capital, Pretoria, on Thursday. “We’re in a position to provide substantially more money for the grid.” Attempts to expand the amount of electricity its network of transmission lines can carry have been slowed by the bureaucracy involved in a plan to split the national power utility, Eskom Holdings SOC Ltd., into generation, transmission and distribution units.
The German officials this week met South African government representatives, including Finance Minister Enoch Godongwana.
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