US$476 million World Bank Loan to Repurpose Komati Coal-Fired Power Plant?

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  • News agency Reuters reports that South Africa’s state owned power utility, Eskom, expects a final decision on a new US$476 million World Bank loan to repurpose its Komati coal-fired power plant into a renewable station before November’s COP27 climate summit, chief executive Andre de Ruyter said on Friday.

The money will be used for three packages, which includes decommissioning certain parts of the 1,000 megawatt (MW) Komati power plant that is currently only using one unit to despatch 125 MW of power when needed, as Eskom battles its worst period of power cuts since it started more than a decade ago

“The second one (package) is for the repurposing, which includes 100 megawatts of solar, 150 MW of battery storage and 40 to 70 MW of wind all around Komati. The benefit, of course, is we can use existing transmission infrastructure,” De Ruyter told journalists on the sidelines of an oil and gas conference.

Author: Bryan Groenendaal

Source: Reuters 


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