After significant research, lobbying and consultative efforts, the first concessional finance has started to flow towards Eskom’s plan to repower and repurpose those coal power station sites that are scheduled for retirement. The World Bank Group has approved a $497-million finance package for the ‘Komati Just Energy Transition Project’, to be financed jointly through a $439.5-million World Bank loan, a $47.5-million concessional loan from the Canadian Clean Energy and Forest Climate Facility, and a $10-million grant from the Energy Sector Management Assistance Program.
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