Eskom has engaged with the World Bank in developing a just energy transition project by repurposing the Komati power station. This project’s estimated cost will be over R7.9 billion, and the World Bank will likely foot the bill, adding another considerable number to the government’s debt. The project plans to add 370MW of new generation capacity through solar and wind.
[The National Treasury is among a long list of state entities that have failed to submit to Parliament their financial statements by the legislated 30 September deadline. Other entities include Eskom, the Unemployment Insurance Fund , the Compensation Fund, the National Student Financial Aid Scheme and the Road Accident Fund – among others. South African Airlines is also on the list, which last published its financial results several years ago.