🏭Komati Power plant set to shut down this week, gets R9 billion boost to be turned into a renewable energy site 👀 Find out more here:
The World Bank loan accounts for $439.5 million, with $47.5 million coming from a concessional loan from the Canadian Clean Energy and Forest Climate Facility, and $10 million from the Energy Sector Management Assistance Program.The plan, according to Eskom, is to install 150MW of solar, 70MW of wind and 150MW worth of storage batteries at the site, amounting to 220MW of renewable energy.A “containerised micro-grid assembly factory” has already been constructed.
Eskom also has plans to create a Komati training facility, which it said would facilitate the “reskilling, retraining and upskiling of Eskom employees and memebrs of the community”. given the high carbon intensity of the energy sector,” said World Bank Group President David Malpass. “It is part of implementing the country’s Integrated Resource Plan 2019 to gradually retire 12GW of our old and inefficient coal-fired power fleet by 2030 and to scale up private sector-led renewables of 18GW during the same period.”
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