Eskom will need to step on the gas on the road to cleaner energy, says exec

Eskom's Just Energy Transition finance facility has to secure funding of nearly R400 billion for a pipeline of renewable generation projects as well as the expansion of its transmission and distribution infrastructure.

This is according to Mandy Rambharos, head of the power utility's Just Energy Transition Office, who was speaking on the role of gas in the state-owned entity's transition plans during a webinar hosted by the SA Gas and Oil Alliance on Thursday. 

Eskom set up the Just Energy Transition finance facility to accelerate its move away from coal to alternative forms of electricity generation. It is envisioned as a multi-tranche, multiyear facility, funded by a multi-lender syndicate, Fin24 previously reported.