ESKOM is a South African electricity public utility which could receive up to $1billion from the World Bank funding for renewable energy projects according to Mmegi Online, an online news website.
Eskom aimed to increase researching and development in solar, wind, bio-mass, and hydro energy, as renewable energy sources. This is why the World Bank thinks it a good idea to support their efforts. The company welcomes the assistance because they have the only nuclear power plant in Africa and generate approximately 95% of electricity used in South Africa. This is a good opportunity for Eskom to access the Clean Technology Fund of the World Bank. Renewable projects include a 100MW concentrated solar power project with storage in Upington, Northern Cape, and a 100MW wind project.
In my view it is a really good thing to support a developing country to improve their technology mainly in the field of environment. I suppose everybody knows about the bad situation of our world, the exhausted planet is close to its barriers. The problem of global warming, greenhouse-effects, decreasing number of forests, and overfishing all are problems which need solution immediately. There are lot of opportunities, and one of these is the renewable energy sources. Moreover, such a project, if successful, could provide a positive example to other states, mainly to developed countries regarding how to deal with environmental problems and how to be environmentally friendly or at least how to try it.