South Africa will propose a new schedule for the shutting down of its coal-fired power plants to Climate Investment Funds in June.

As part of its Just Energy Transition partnership with countries such as the UK, the US and the EU, South Africa will receive financial assistance on condition that it cuts its dependence on coal. South Africa published its Just Energy Transition Plan in November 2022 and the international collaboration agreed to provide an initial US$8,5 billion of catalytic finance.

The current schedule indicates that the Camden, Grootvlei and Hendrina power plants will shut down between 2023 and 2027. South Africa will propose extending the deadline and closing the power plants between 2027 and 2030, Neil Cole, finance manager of the Project Management Unit for the presidency told Bloomberg. The presidency is also in talks to close a number of units at other power plants to meet annual emission-reduction targets of 50 to 20 million tons of carbon dioxide, the report said.