Eskom is in early-stage discussions with the World Bank and other development finance institutions over potential funding for nuclear energy projects as South Africa seeks long-term solutions to its electricity challenges. The talks were confirmed by Eskom officials and reported by Reuters.
The discussions form part of South Africa’s broader strategy to diversify its energy mix and improve energy security after years of electricity shortages, ageing infrastructure, and rolling blackouts that have weighed heavily on economic growth. Nuclear power is being considered alongside renewable energy, gas, and transmission expansion projects within the country’s long-term energy planning framework.
Eskom already operates the Koeberg Nuclear Power Station near Cape Town, Africa’s only commercial nuclear power plant, and authorities have previously signalled interest in expanding nuclear generation capacity. Analysts say securing international financing would be critical given the high capital costs typically associated with nuclear energy projects.
The World Bank has historically been cautious about directly financing nuclear developments, focusing more heavily on renewable energy and climate-related infrastructure. However, growing global debates around energy transition and energy security have revived discussions over the role of nuclear power in reducing carbon emissions while supporting stable electricity supply.
