Mainstream, Actis to sell Lekela to Infinity and AFC

Renewable energy company Mainstream Renewable Power and sustainable infrastructure investment company Actis have signed an agreement to sell renewable energy independent power producer Lekela Power to diversified investments company Infinity Group and multilateral financial institution the Africa Finance Corporation (AFC). “This planned exit reflects the successful culmination of Mainstream’s and Actis’ partnership strategy for Lekela, with the platform consisting of a leading management team, over 1 GW of fully operational assets and significant growth prospects,” the companies said on July 18.
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Eskom confirms load-shedding stages for this week

Eskom confirmed that load-shedding will be kept at Stage 2 between 16:00 and midnight from Monday to Thursday. At the moment, Stage 1 is planned from Friday to Monday, also between 16:00 and midnight.
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Creecy criticises lack of climate finance progress since COP26

South Africa’s environment Minister Barbara Creecy has criticised the lack of progress, since COP26, in the area of climate finance support for developing countries, arguing that there has been a failure to promote “adequate ambition”. Speaking at the Petersberg Climate Dialogue in Berlin, Germany, Creecy said it was time to tackle climate finance with the sense of urgency and scale it deserved.
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