Free Trial

Eskom CEO Lays Out Funding Plan to Transition Away From Coal

SOUTH AFRICA
  • CEO De Ruyter said the company is proposing a multi-lender loan facility from development finance institutions that would be paid out in segments over a number of years
  • The utility is considering 8,017 megawatts of renewable projects, ranging from wind power to solar, hydropopwer and gas
  • Komati coal-fired power plant will be the first to be converted away from the fuel and serve as a pilot project for the conversion of a number of other facilities.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.