Progress in financing the decommissioning and repurposing of Eskoms Komati coal-fired power station is gathering momentum, but at a slower pace than hoped for, prompting the Presidential Climate Commission PCC to request international partners to ramp up funding for the state-owned enterprises SOEs energy transition project.
The PCCs latest report on Komati, completed after months of stakeholder consultations, notes that though the World Bank approved a 497m funding package for the Eskom just energy transition project at Komati after the stations final unit was shut down in late 2022, by the end of 2024 only about 2.3m had been disbursed as procurement processes and scope revisions delayed work on the ground.
