The power utility can no longer pay its suppliers but a short-term solution is in place while the treasury comes up with a payment solution
This follows the country securing billions of rands for the just energy transition from fossil fuels to renewable electricity
Workers at coal-fired power stations in Mpumalanga remain concerned despite assurances that the transition will be just
Developing nations are calling for the countries most responsible for climate change to pay for loss and damage
Eskom’s Jan Oberholzer says South Africans should to prepare for more power cuts over the next year
The additional funds from France and Germany will be used to shift South Africa to cleaner energy, so mitigating Ekom’s debt
Eskom has faced chronic power supply constraints over the last year
But the funding will come at a price, given that the $8.5-bn pledged last year, was mostly in the form of loans
President says the country needs more money to meet its targets in transitioning from coal to renewable energy
Contrary to the push for clean energy, several African countries want to develop gas fields for local use and export. And, with Russia’s war in Ukraine, Europeans are ready to compromise