French financier pledges support for Eskom’s ‘just energy transition’ strategy

South Africa’s electricity utility Eskom signed a memorandum of understanding (MOU) with development financier Agence Française de Développement (AFD) on Monday that includes a specific objective of creating a framework for cooperation and collaboration on Eskom’s evolving ‘just energy transition’ strategy. The State-owned company has established a Just Energy Transition Office to oversee the repowering and repurposing of those coal power stations in its fleet that will be decommissioned in the coming few years, with some 10 GW of coal-fired capacity scheduled to be shut by 2030.