Eskom Holdings Chief Executive Officer (CEO) Andre de Ruyter has held discussions with the World Bank amid efforts to evaluate options for transitioning from coal-powered stations to cleaner sources of energy generation in South Africa. Currently, the power utility supplies more than 90% of South Africa’s electricity. The discussions form part of ongoing engagements between the bank and counterparts in-country and in Washington, United States (US) regarding various proposed projects. This follows as the US, United Kingdom (UK), France, Germany, and the European Union (EU) have pledged $8.5 billion to assist South Africa to reduce its reliance on coal at the COP26 Climate Summit in Glasgow in November 2021. Details of how the funds will be used are still under discussion.
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