City of Tshwane pushing ahead with plan to procure 1 000 MW by 2026

The City of Tshwane is signalling its intention to proceed with plans to procure and/or revive 1 000 MW of electricity generation capacity by 2026 as part of a strategy aimed at improving security of supply and reducing its dependency on Eskom. Executive Mayor Cilliers Brink told delegates attending the inaugural Tshwane Energy Summit that the city was seeking to find a way to partner with independent power producers (IPPs), as it was not in a financial position to pursue generation projects on its own.
/by

Only 40% of developing-country utilities are financially sustainable, World Bank warns

The majority of electric utilities in developing countries are ill-equipped to meet growing demand for power and add more renewable energy into the grid, thereby hindering global energy transition goals to provide clean, reliable and affordable electricity to all, development cooperation organisation the World Bank reports. ‘The Critical Link: Empowering Utilities for the Energy Transition’ report, published this week, showed that only 40% of developing country utilities are able to cover their operating and debt service costs.
/by

WEF Energy Transition Index at its highest ever, but global progress slowing

The global energy transition to a more equitable, secure and sustainable energy system is still progressing, but has lost momentum in the face of increasing uncertainty worldwide, international economic organisation the World Economic Forum’s (WEF’s) Energy Transition Index (ETI) 2024 shows. The global average ETI scores reached a record high, but the slowdown in the pace of the global energy transition, first identified in 2022, has intensified in the past year.
/by