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COP27: Fossil fuel investment will lead to debt, stranded assets, UN body warns Africa

World Bank President David Malpass visits Komati power station in South Africa

World Bank President David Malpass visits Komati power station in South Africa
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World Bank Group President David Malpass s Visit to Komati Power Station Highlights the Plant s Repurposing from Coal to Clean Energy

South Africa leading the way toward a low-carbon economy and resilient society

On October 31st, Eskom, South Africa’s national power utility closed the Komati coal-fired Power Station, in the Mpumalanga region of South Africa. At first glance, the closing of a 56-year-old coal fired power plant may not appear particularly notable. But this is not just worthy of attention, it is historic.

Eskom secures funding for renewables

The World Bank has approved South Africa’s application for funding to kickstart the Just Energy Transition Project at Komati power station.

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