A child collecting chunks of coal looks on at a colliery while smoke rises from the Duvha coal-based power station owned by state power utility Eskom, in Emalahleni, in Mpumalanga province, South Africa, June 2, 2021.
South Africa is facing its worst power crisis, with Eskom's ageing, coal-fired plants often breaking down.
"It's a policy development loan which supports critical reforms," Marie-Nelly said of the potential World Bank funding.
The World Bank loan would also support South Africa to make a "just transition" away from coal, to ensure vulnerable people do not suffer as a result, Marie-Nelly said.
In November 2022, the World Bank approved $497 million in financing to decommission and repurpose one of Eskom's coal-fired power plants.
Persons:
Siphiwe, Marie Francoise Marie, Nelly, Marie, Eskom, Rachel Savage, Jorgelina, Kopano Gumbi, Mark Potter, Mike Harrison
Organizations:
REUTERS, World, Reuters, Bank, South, World Bank, Thomson
Locations:
Emalahleni, Mpumalanga province, South Africa, MARRAKECH, Morocco, Marrakech, Africa, Rosario