World Bank president visits Komati after approving R9bn loan for renewables project | The Citizen

💰President of the World🌏 Bank David Malpass pays a visit to the Komati Power Station after approving a R9 billion loan to convert it to a renewable power plant. Read what happened: KomatiPowerStation WorldBank

The Minister of Public Enterprises Pravin Gordhan welcomed the President of the World Bank, David Malpass, on behalf of the South African Government on Sunday to the recently decommissioned Komati Power Station – the site of the country’s flagship Just Energy Transition project.

The Minister of Finance, Enoch Godongwana, who met with Malpass on Saturday evening, said the financing Eskom is receiving will go a long way in assisting to meet the ambitious targets relating to decarbonisation and a Just Energy Transition. “It needs to happen in a manner which mitigates the socio-economic impacts for workers and communities; before we scale up the move of the power sector into a low-carbon path.Komati officially decommissioned

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