energy transition plan may require as much as R1.2-trillion of investment for new-generation and distribution capacity, with the bulk of the money expected to come from private investors.
“Eskom cannot afford all of it on its own,” Mflathelwa said. “We would require a partnership of some kind, whether it is at a multinational level or whether it’s at the institutional level. I think those details need to be worked out.”South Africa is currently ironing out details for US$8.5-billion in climate financing that some of the world’s richest nations have pledged to aid the country’s transition away from coal.
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