Eskom sizes up $1bn loan from World Bank

ESKOM may get $1bn in World Bank funding for renewable energy projects, a Treasury official said yesterday, as the utility signals a decisive shift from coal to "clean" power sources.

With investment in coal-fired plants set to decrease in line with the government's proposals in its draft integrated resource plan released last week, Eskom's new investments - after the Kusile coal-fired plant - are likely to focus on renewable energy.

Steve Lennon, Eskom MD for corporate services, said this week that "as a minimum" the utility wanted to commission almost 2000MW of solar thermal energy by 2030, "but with a possibility of a lot more, depending on how the business case comes out".

Editor's Comment
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

Have a Story? Send Us a tip
arrow up