Close Menu
    What's Hot

    Algeria Deepens Intra-African Trade Ties Ahead of Landmark Marketplace Launch

    July 11, 2025

    Transport Evolution Africa 2025 Champions Green Mobility & Inclusive Trade Corridors

    July 9, 2025

    Egypt’s Swypex Launches Approval‑Based Spend‑Control Card for SMEs

    July 7, 2025
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      Salpha Energy Secures $1.3M to Expand Nigeria’s Solar Manufacturing Capacity

      June 6, 2025

      South Africa – Infrastructure Overhaul Set to Boost Transport and Trade

      May 16, 2025

      Navigating Challenges in the African Air Cargo Industry

      March 5, 2025
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      Algeria Deepens Intra-African Trade Ties Ahead of Landmark Marketplace Launch

      July 11, 2025

      Egypt’s Swypex Launches Approval‑Based Spend‑Control Card for SMEs

      July 7, 2025

      Liquify Secures $1.5M Seed Round to Unlock Trade Finance for African SMEs

      July 3, 2025
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      DP World and Nedbank Elevate Trade Finance in Africa

      Finance Trade September 18, 2024
      Recent

      DP World and Nedbank Elevate Trade Finance in Africa

      September 18, 2024

      Arab Coordination Group commits $50 billion for Africa’s sustainable development

      November 13, 2023

      MENAT to see investment flows increase substantially

      September 4, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Power

    Just Energy Transition Partnership to be presented at COP27

    November 7, 20223 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Just Energy Transition Partnership
    BLSA CEO Busi Mavuso.
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Just Energy Transition Partnership investment plan will be presented at COP27. The partners have pledged USD 8.5 billion to support South Africa’s energy transition.

    The Just Energy Transition Partnership (JETP) investment plan will be presented by the South African delegation at the 27th Congress of Parties (COP27), which commenced on Sunday 6 November at Sharm el-Sheikh in Egypt.

    The Just Energy Transition Partnership

    The JETP is a group of developed countries that have pledged USD 8.5 billion of funding to assist South Africa in reducing the carbon intensity of its economy. This is in line with the goal to convert the political declaration made at last year’s COP26 into a tangible commitment by international partners to fund the transition.

    The investment plan that the South African delegation will present in Egypt was unveiled on Friday 4 November. It sets out a vision for electricity production from renewables, a switch to electric vehicles and a major new green hydrogen industry – a total of USD 83.7 billion (R1.5 trillion) of new investment until 2027.

    “Transition is not just about decommissioning coal power plants and switching to electric vehicles; it must also be about massively ramping up overall energy production. This will, of course, require huge investment in infrastructure, particularly new generating capacity and the grid, presenting opportunities for many businesses,” said Business Leadership South Africa (BLSA) CEO Busi Mavuso.

    Older power stations at end of life

    Many of South Africa’s coal power stations are reaching the end of their design life, with six Eskom stations due to be decommissioned in the next five years. As it is, the energy availability factor on stations more than 50 years old falls dramatically.

    “The huge investment needed will require considerable private sector participation, while a major construction effort will have to get under way. The biggest prize for business is ultimately going to be energy stability. While any disruption to the status quo will result in short term losses for some, the overall benefits are clearly significant,” said Mavuso.

    Mining to continue unaffected

    The transition will not happen overnight and will involve a gradual ramp down largely in line with existing decommissioning plans. Even the coal mines that currently supply Eskom will not see much change to existing life of mine plans.

    Mining for other industrial uses and export will not be affected. While the exact role of gas in the transition is not yet confirmed, it is an anticipated to play an important role as a transition fuel, creating new opportunities in that sector.

    “I wish the South African delegation all the best and look forward to seeing the fruits of their efforts. COP27 will hopefully be a marker in the history of when the world committed to supporting our transition. Organized business stands ready to work with government on implementing the plan,” said Mavuso.

    The World Bank recently stressed the need for South Africa to embark on a low-carbon growth trajectory.

    energy Just Energy Transition Partnership power Rewnewables South Africa
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleClimaTech Run at COP27: 15 startups to pitch
    Next Article Komati Power Station: World Bank approves USD 497 m for ‘repurposing’

    Related Posts

    Energy Startups

    Wetility Secures $27.8M to Expand Solar Energy Across SA

    June 23, 2025
    Energy Infrastructure Power

    Salpha Energy Secures $1.3M to Expand Nigeria’s Solar Manufacturing Capacity

    June 6, 2025
    Infrastructure Trade

    South Africa – Infrastructure Overhaul Set to Boost Transport and Trade

    May 16, 2025
    View 1 Comment

    1 Comment

    1. Pingback: Komati Power Station: World Bank approves USD 497 m for ‘repurposing’

    Leave A Reply Cancel Reply

    LATEST STORIES

    Algeria Deepens Intra-African Trade Ties Ahead of Landmark Marketplace Launch

    July 11, 2025

    Transport Evolution Africa 2025 Champions Green Mobility & Inclusive Trade Corridors

    July 9, 2025

    Egypt’s Swypex Launches Approval‑Based Spend‑Control Card for SMEs

    July 7, 2025

    Ghana’s Complete Farmer Secures $2.5M from EU-Funded AgriFI Facility

    July 4, 2025

    Liquify Secures $1.5M Seed Round to Unlock Trade Finance for African SMEs

    July 3, 2025
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.