Eskom commissioned coal-fired units as recently as this year
South Africa's Eskom seeks transition funding
State-owned South African utility Eskom is seeking financial backing for its decarbonisation efforts, including the construction of at least 4GW in gas-fired generation capacity
South Africa faces frequent power outages and load shedding, as the country’s overburdened network strains to cope with high demand, poor infrastructure and widespread theft and damage. Carbon intensity is also high, due to South Africa’s overwhelming reliance on ageing coal-fired power plants, with the IEA rating the country as “one of the most energy intensive economies”. But South Africa has also committed to decarbonise through its National Development Plan, which calls for a “Just Energy Transition (JET)” that “does not impede socio-economic development”. Eskom is therefore now seeking foreign and institutional investors—on behalf of the government in Pretoria—in order to overhaul its g
Also in this section
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
17 February 2026
Eni’s chief operating officer for global natural resources, Guido Brusco, takes stock of the company’s key achievements over the past year, and what differentiates its strategy from those of its peers in the LNG sector and beyond
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
