The World Bank approved an R9 billion loan to repurpose the coal-fired Komati power plant using renewables and batteries on Friday.
JOHANNESBURG - Energy expert, Matthew Cruise has raised questions about a multi-billion rand loan from the World Bank awarded to South Africa, saying the benefit to the country would be limited.
The lifespan of the plant in Mpumalanga came to an end on Monday after being in operation since 1961.In a statement, the bank said the project would create opportunities for affected workers and communities.“Why’s the government, seeing that Germany is now actually going back to coal and opening up their plans of bringing nuclear back after realising that big solar farms and big wind farms cannot be relied upon for stable electricity...
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World Bank approves $497m Komati switch to renewablesSA’s power sector contributes to 41% of the country’s CO₂ emissions, according to the World Bank
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World Bank approves funding for R9bn plan to repurpose Komati power station | Fin24The World Bank has approved South Africa’s request for funding for a R9 billion plan to repurpose Eskom’s recently decommissioned coal-fired Komati power station in Mpumalanga by using renewables.
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World Bank to finance R9.09bn Komati energy transition projectThe WorldBank has approved South Africa’s request to finance a $497 million (R9.09 billion)* project to decommission and repurpose the Komati coal power plant in Mpumalanga using renewable energy and batteries ... Moneyweb Transition NDL_ndumeey
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South Africa gets $500 million World Bank loan for major wind and solar projectThe World Bank has approved South Africa’s request for a $497 million project to decommission and repurpose the Komati coal-fired power plant using renewables and batteries.
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Komati power station will cost nearly $500 million to repurpose - HypertextThe World Bank is investing nearly $500 million towards Eskom's project to repurpose the ailing Komati Power Station.
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