Some funds have been earmarked to create economic opportunities for local communities, with about 15,000 people expected to benefit, according to the bank.
Eskom said that 150 megawatts of solar capacity, an equivalent quantum of battery storage and 70 megawatts of wind energy will be generated from the Komati site, while the existing transmission infrastructure will be utilised. The utility estimates 53 gigawatts of renewable energy will be needed by 2032 in order to replace retiring plants that burn coal.
“Reducing greenhouse-gas emissions is a difficult challenge worldwide, and particularly in South Africa given the high carbon intensity of the energy sector,” World Bank Group President David Malpass said in the statement.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: