ESKOM NEEDS R143 BILLION TO SHUT DOWN COAL PLANTS BY 2050
Eskom Holdings SOC Ltd., South Africas state power utility, needs 10 billion to shut most of its coal-fired plants by 2050, a company official said.
The utility is in talks with development finance institutions to raise the money, the head of Eskoms Just Energy Transition office, Mandy Rambharos, said by phone on Wednesday.
The power plants may be re-purposed, and the sites used to produce power from renewable energy or natural gas, Rambharos has previously said.
Reuters, which reported the amount earlier, said the site of the Komati power plant might be used to produce solar energy, which would be coupled with battery storage.
Eskoms plan to raise money to adapt or shutter its
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