South Africa to receive US$497 Million loan from World Bank to re-purpose coal-fired power plant to renewable energy site
The World Bank Group’s Board of Directors has approved South Africa’s request for a loan valued at US$497 Million for decommissioning and repowering of the Komati coal-fired power plant with renewable energy and batteries. International assistance for Energy Transition The last Komati unit was shut down on 31 October. According to national electricity utility Eskom,…