De Ruyter says ‘substantial’ concessional finance available to support just energy transition

Eskom CEO Andre de Ruyter said on Tuesday that the message of the climate envoys who visited South Africa in the run up to the COP26 climate talks in Scotland was that there is “substantial concessional financing available” to enable South Africa to pursue a just energy transition. He indicated, however, that the initial focus would likely be on supporting Eskom to build the infrastructure required for decarbonisation, as well as to support vulnerable workers and communities, rather than to address Eskom’s legacy debt.