Decision nears on $2.6bn of green funds for South Africa

A decision on a disbursement by the World Bank-linked Climate Investment Funds that would trigger a $2.6-billion green-finance package for South Africa may be made as early as Friday, people with knowledge of the matter said. The CIF, which is backed by money from 15 of the world’s richest nations, is considering a $500-million payment to South Africa to help it transition away from the use of coal, the dirtiest fossil fuel. If granted, that would unlock a further $2.1-billion in funding from multilateral development banks and other sources.
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Eskom implements Stage 3 loadshedding after losing Koeberg unit again

Eskom again resorted to Stage 3 loadshedding on Friday, after a loss of 2 700 MW in 14 hours, including Koeberg Unit 2, which was taken offline on March 2 and was meant to have been returned to service within two days. Implementation began at 14:00 on Friday March 7 and was scheduled to continue until 5:00 on Monday, March 10, the utility said in a statement.
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