{"id":242161,"date":"2022-11-07T10:28:59","date_gmt":"2022-11-07T08:28:59","guid":{"rendered":"https:\/\/www.myza.co.za\/eskom-loan-significant-step-for-just-energy-transition\/"},"modified":"2022-11-07T10:28:59","modified_gmt":"2022-11-07T08:28:59","slug":"eskom-loan-significant-step-for-just-energy-transition","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/eskom-loan-significant-step-for-just-energy-transition\/","title":{"rendered":"Eskom loan “significant step” for Just Energy Transition"},"content":{"rendered":"
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Eskom board chairperson Mpho Makwana says the R9 billion concessional loan approved for the repurposing of the Komati Power Station is a \u201csignificant step\u201d for South Africa\u2019s transition towards clean energy.<\/p>\n

The coal fired power station was shut down last week after serving the South African public for at least 60 years and it is set to become South Africa\u2019s first station to be repurposed into a renewable energy site.<\/p>\n

\u201cThis is a significant development for South Africa\u2019s Just Energy Transition to renewable energy as it brings the much-needed funding to enable Eskom to train its employees and members of the host communities to empower them to continue playing a central role in the provision of clean energy for the country,\u201d Makwana said.<\/p>\n

According to Eskom, the loan will be guaranteed by National Treasury with the repurposing project already approved by the Eskom board.<\/p>\n

\u201cThe loan facility will cover three main components: decommissioning of the Komati Power Station, repurposing and repowering of the station and other elements of the Just Energy Transition, including provision for the training of Eskom employees, community development and stakeholder initiatives.<\/p>\n

\u201cThe first phase of the repurposing will install 150MW of photovoltaic, 70MW wind generating capacity, 150MW of Battery Energy Storage System and synchronous condenser,\u201d the power utility said.<\/p>\n

A just transition<\/strong><\/p>\n

Eskom CEO Andre de Ruyter said the power utility\u2019s recent agreement with the South African Renewable Energy Technology Centre (SARETEC) to educate, reskill and upskill former Komati Power Station workers and qualifying surrounding community members is critical in ensuring that they are not left behind in the energy transition.<\/p>\n

\u201cThis is in line with Eskom\u2019s drive to ensure that we prepare our people and have a pipeline of local skills ready for the inevitable transition, which will be just.<\/p>\n

\u201cGiven the accelerated global movement towards investment in a clean energy transition, there is a need in South Africa to upskill, retrain and develop a workforce to take full advantage of the opportunities presented by this transition. To achieve this Eskom is working with its recognised labour unions and representatives of the host community,\u201d de Ruyter said. \u2013 SAnews.gov.za<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Eskom board chairperson Mpho Makwana says the R9 billion concessional loan approved for the repurposing of the Komati Power Station is a \u201csignificant step\u201d for South Africa\u2019s transition towards clean energy. The coal fired power station was shut down last week after serving the South African public for at least 60 years and it is […]<\/p>\n","protected":false},"author":1,"featured_media":242162,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[38678],"class_list":{"0":"post-242161","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-south-africa","8":"tag-sanews","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/11\/eskom-loan-significant-step-for-just-energy-transition.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/242161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=242161"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/242161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/242162"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=242161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=242161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=242161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}