Eskom aiming to secure concessional funding for R400bn just energy transition project pipeline

State-owned electricity producer Eskom has identified a pipeline of ‘just energy transition’ projects valued at about R400-billion that it will seek to fund using concessional finance raised from international financiers that have committed to supporting decarbonisation initiatives in developing countries, including South Africa. Just Energy Transition GM Mandy Rambharos reported on Thursday that the pipeline includes wind, solar and gas and battery projects, some of which will be deployed at its decommissioning coal power stations, starting with Komati in 2022.
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CoJ signs agreement to take over Soweto, Sandton supply from Eskom

The City of Johannesburg (CoJ) has signed a memorandum of understanding (MoU) with State-owned power utility Eskom to start planning the execution of the takeover by City Power of electricity supply for 14 areas in Soweto and Sandton “The signing of the MoU is a great start towards implementing a long-term solution to power supply challenges in the City,” says mayor Mpho Moerane.
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South African nuclear entity signs memorandum with its South Korean counterpart

The South African Nuclear Energy Corporation (Necsa) on Wednesday signed a memorandum of understanding (MoU) with the (Republic of) Korea Atomic Energy Research Institute (Kaeri), the South African State-owned entity announced on Thursday. The MoU was signed in a virtual ceremony, came into effect immediately, and has a term of five years. “Nuclear technology is essential to human life and, through this MoU, we are making this a global reality,” asserted Necsa Group CE Loyiso Tyabashe. The MoU will help advance Necsa’s vision, which is of becoming a celebrated nuclear and research agency in Africa and around the world.
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Development banks told to ramp up green ambitions ahead of COP26

The world’s multilateral development banks (MDBs) must boost their green ambitions to stop carbon emissions from soaring in the most powerful economies, according to the ‘Climate Transparency Report 2021’. Covid-19 lockdowns caused carbon dioxide emissions from the energy sector to fall 6% in 2020, but a rebound of 4% is projected across the Group of 20 nations this year. Argentina, China, India and Indonesia are expected to exceed their 2019 emissions levels before next year.
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Mantashe opposes coal ban for climate aid

Rich nations shouldn’t force South Africa to ban new coal-power projects and impose other conditions as a requirement for funding to help reduce its environmental footprint, the country’s energy minister said. Gwede Mantashe last month skipped a meeting with climate envoys from the UK, US, Germany, France and the European Union, where an initial amount of almost $5 billion in concessional loans and grants was discussed. South Africa’s environment and public enterprises ministers attended the talks, as did the deputy finance minister.
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