JET IP Quarterly Progress Report - Q3 2025 Dashboard

Just Energy Transition Implementation Plan

Quarterly Progress Report - Q3 2025 (30 September 2025)

Executive Dashboard

Total Pledged

$14.28B
ZAR 252.89 billion

Allocated Funds

39%
$5.52B of $14.28B

Total Projects

227
All portfolios (as at 30 Sep 2025)

Active Partners

17
International partners group & MDBs

Completed Projects

73
32% of all projects

In Implementation

118
52% of all projects

Grants Allocated

92%
$792M of $864M

Policy Loans Allocated

100%
$3.55B allocated

Key Highlights — Q3 2025

  • Governance operating: IMC (10 Ministers) providing leadership; Government Steering Committee met 30 Jun 2025; next IMC scheduled 24 Oct 2025.
  • ACT IP approved (June 2025): CIF Trust Fund Committee approval enables ACT implementation; ACT IP Desk and governance structures being set up.
  • Transmission enablement: Independent Transmission Programme (ITP) commencement; Credit Guarantee Vehicle (CGV) being finalised for late-2025 procurement.
  • Municipal JET structures operational: SALGA-led Council and three workstreams (Capability, Financing, Energy Access) executing.
  • Skills system: JET Skills Desk & National JET Skills Advisory Forum launched on 29 Aug 2025.
  • Funding Platform: 240 applications received; 21 listed; 4 projects matched (~ZAR 70m).
  • ℹ️ Coverage note: Core Indicators pilot coverage is 7.05% (16/227 projects) this cycle; emissions/jobs data expanding in future quarters.

Figures reflect the Quarterly Progress Report as at 30 September 2025.

JET International Financing Status

As at 30 September 2025 (Q3 2025 Quarterly Progress Report)

$14.28B
Total Pledged
$5.52B
Allocated (39%)
$931M
Completed Projects

Grants

92%
USD 792 mn allocated of USD 864 mn pledged – 92%

Highly Concessional Loans

0%
USD 450 mn pledged – 0% allocated

Concessional Loans

16%
USD 5.70 bn pledged – USD 940 mn allocated (16%)

Policy Loans

100%
USD 3.55 bn pledged – 100% allocated

Commercial Debt

13%
USD 1.83 bn pledged – USD 241 mn allocated (13%)

Export Credits

0%
USD 1.89 bn pledged – 0% allocated
Grants show the highest deployment rate at 92% (USD 792 mn of USD 864 mn). Policy loans are fully allocated (USD 3.55 bn). Concessional loans are at 16% (USD 940 mn of USD 5.70 bn) and commercial debt at 13% (USD 241 mn of USD 1.83 bn). Highly concessional loans (USD 450 mn) and export credits (USD 1.89 bn) remain unallocated pending ACT IP implementation arrangements and Spanish export-credit deployment. The Credit Guarantee Vehicle (CGV) is expected to support ITP procurement from late 2025.

Key Financing Highlights

  • Germany: 100% deployment of policy loan commitments (USD 1.40 bn).
  • Portfolio allocations: USD 3.38 bn (ZAR 59.75 bn) allocated across portfolios, with Electricity accounting for USD 2.60 bn (≈77% of total allocations).

Electricity Portfolio Dashboard

Portfolio Overview

The Electricity portfolio focuses on (i) transmission upgrades/expansion to unlock large-scale grid uptake of renewables, and (ii) ACT IP interventions (repowering, repurposing, community development, and decommissioning at Camden, Hendrina, and Grootvlei). JET concessional loans (>USD 3 bn) are available for transmission via NTCSA; however, Eskom's borrowing constraints remain a factor. The Independent Transmission Programme (ITP) has commenced, with Phase 1 procurement: RFQ launched on 31 July 2025 and RFP expected in November 2025. The Credit Guarantee Vehicle (CGV), developed by National Treasury with the World Bank Group, is expected to de-risk ITP procurement from late 2025.

Status by phase: 8 Planned · 2 Approved · 39 Implementation · 21 Completed (as at 30 Sep 2025).

Total Projects

70
8 Planned · 2 Approved · 39 Implementation · 21 Completed

Allocated to Electricity

USD 2.60 bn
ZAR 45.93 bn (77% of all JET allocations)

Transmission Programme

ITP Phase 1
RFQ launched 31 Jul 2025 · RFP expected Nov 2025

Credit Guarantee Vehicle

CGV
Expected to support ITP procurement from late 2025

Key Milestones

ACT IP Update Approval Achieved
ITP Procurement (Phase 1) Q4 2025
Coal Plant Decommissioning Delayed to 2030
Transmission Grid Investment Funding Constrained

Caption: Electricity allocations total USD 2.60 bn (ZAR 45.93 bn), representing 77% of all JET allocations (as at 30 Sep 2025).

Municipal Portfolio Dashboard

Portfolio Overview

The Municipal JET portfolio focuses on strengthening municipal capability, enabling financing pathways, and expanding energy access. As at 30 September 2025, allocations total USD 195 mn (ZAR 3.45 bn) with delivery concentrated in implementation and completion phases (28 of 31 projects).

Status by phase: 2 Planned · 1 Approved · 15 Implementation · 13 Completed (Q3 2025).

Total Projects

31
2 Planned · 1 Approved · 15 Implementation · 13 Completed

Allocated to Municipal JET

USD 195 mn
ZAR 3.45 bn (as at 30 Sep 2025)

Focus Areas

Municipal capability, financing mechanisms, and energy access interventions.

Current Cycle

Implementation and completion dominate (28 of 31 projects).

Workstream Status

Capability Development (COGTA/SALGA) Operational
Financing Workstream (DBSA) Operational
Energy Access (DEE) Operational
JET Municipal Council Established

Caption: Municipal allocations total USD 195 mn (ZAR 3.45 bn) as at 30 Sep 2025.

Mpumalanga Just Transition Portfolio Dashboard

Portfolio Overview

JT-Mpumalanga focuses on coordinated Just Transition delivery at provincial level. As at 30 September 2025, allocations total USD 181 mn (ZAR 3.20 bn), with progress concentrated in the implementation and completion phases (46 of 55 projects).

Status by phase: 3 Planned · 6 Approved · 27 Implementation · 19 Completed (Q3 2025).

Total Projects

55
3 Planned · 6 Approved · 27 Implementation · 19 Completed

Allocated to JT-Mpumalanga

USD 181 mn
ZAR 3.20 bn (as at 30 Sep 2025)

Current Cycle

Implementation & completion dominate (46 of 55 projects).

Focus

Provincial JET implementation with strong pipeline execution.

Implementation Status

45% in Implementation Phase
Planning: 25% Approved: 27% Implementation: 45% Completed: 3%

Caption: JT-Mpumalanga allocations total USD 181 mn (ZAR 3.20 bn) as at 30 Sep 2025.

New Energy Vehicles Portfolio Dashboard

Portfolio Overview

The NEVs portfolio is progressing through targeted pilots and ecosystem enablers. As at 30 September 2025, allocations total USD 6 mn (ZAR 105.54 mn) with 5 of 6 projects in implementation or completed phases. Featured Investment Register projects include: (i) Scatec's Northern Cape 3-EV pilot, (ii) the Eskom–BYD Memorandum of Cooperation to roll out charging infrastructure and skills development, and (iii) The Green Cab's women-led e-mobility service, financed at ZAR 3.6 mn by IDC.

Status by phase: 1 Planned · 0 Approved · 2 Implementation · 3 Completed (Q3 2025).

Total Projects

6
1 Planned · 0 Approved · 2 Implementation · 3 Completed

Allocated to NEVs

USD 6 mn
ZAR 105.54 mn (as at 30 Sep 2025)

Focus Areas

Charging infrastructure pilots, municipal/enterprise e-mobility, ecosystem enablement.

Current Cycle

Implementation & completion dominate (5 of 6 projects).

Investment Register — Featured Projects (NEVs)

Scatec EV Pilot (Northern Cape)

Status: Pilot · Scope: 3 EVs towards Scatec net-zero 2040 target · Note: corporate pilot contributing to ecosystem maturation.

Eskom × BYD Charging Infrastructure (MoC)

Status: MoC signed (Sep 2025) · Scope: charging rollout, skills development, and jobs in EV ecosystem · Note: foundational for public-private charging network.

The Green Cab — e-Mobility Service (Cape Town)

Status: Matched/financed · Finance: ZAR 3.6 mn (IDC, Jul 2025) · Focus: female-owned e-hailing for tourism/events at V&A Waterfront.

Projects reflect Q3 2025 Quarterly Progress Report entries and the JET Investment Register listings for NEVs.

Key Achievements

  • ✅ Golden Arrow: 30 new EV buses delivered, targeting 120 by 2025/26
  • ✅ MAN SA: R48M invested in EV bus manufacturing facility
  • ✅ DBSA: R100M to Zero Carbon Charge for off-grid charging
  • ✅ Eskom-BYD MoC signed for charging infrastructure
  • ✅ The Green Cab: R3.6M IDC funding for V&A Waterfront e-mobility

Caption: NEVs allocations total USD 6 mn (ZAR 105.54 mn) as at 30 Sep 2025.

Green Hydrogen Portfolio Dashboard

Portfolio Overview

The Green Hydrogen portfolio has 16 projects in the Investment Register. As at 30 September 2025, allocations total USD 228 mn (ZAR 4.05 bn). Delivery is concentrated in the implementation (9) and completion (3) phases, with 4 projects at planning stage and none at approved stage this quarter. The JET GH2 Office at IDC is expanding operational capacity: the Stakeholder Specialist joined in August, and the Fund Manager started 1 October 2025. Two workstreams (Technology Incubation & Workforce Skills, and Shared Infrastructure) have been established with inaugural meetings held. In partnership with the SA-German Business Chamber, the GH2 PMO hosted an exploratory workshop with project developers; the first Project Developers Forum is scheduled for November 2025. The PMO is developing a Project Development Standard Template to support pipeline credibility, working with GIZ on a digital portal covering GH2, ammonia, and green steel projects. In September, applications were submitted to the A2D Grant Funding Facility and the Korean Knowledge Sharing Programme Plus. The South Africa–Korean Business Forum (9 September) attracted 20+ companies, aiming to unlock bilateral partnerships and accelerate export-oriented and domestic GH2 projects.

Total Projects

16
4 Planned · 0 Approved · 9 Implementation · 3 Completed

Allocated to Green Hydrogen

USD 228 mn
ZAR 4.05 bn (as at 30 Sep 2025)

Current Cycle

Most activity in implementation (9) and completion (3).

Notes

Figures align to Quarterly Progress Report (Q3 2025).

Investment Register — Green Hydrogen Projects (16)

Source: JET Investment Register; figures reflect Q3 2025 Quarterly Progress Report.
Project Funder Status Instrument Amount (USD) Implementer
Green Hydrogen Development Programme (EU015) European Union Planned Grants $27.54M GIZ
Green Hydrogen Infrastructure Development (EU016) European Union Planned Guarantees $31.86M KfW
Funding Programme Green Hydrogen South Africa II (GR030) Germany Planned Grants $18.36M IDC
H2.SA II plus - Energy value chains GH & battery (GR034) Germany Planned Grants $6.48M DEE
Eastern Cape GH Production & Export Feasibility (UK037) United Kingdom Implementation Grants $1.25M Ikigai Capital, DNV, et al.
PtX Hub (GR004) Germany Implementation Grants $3.24M DTIC
Green Hydrogen Infrastructure Development (GR011) Germany Implementation Grants $24.98M IDC
H2.SA - SA green & sustainable hydrogen economy (GR012) Germany Implementation Grants $16.74M DEE
Green Hydrogen Research Programme - CARE-o-SENE (GR021) Germany Implementation Grants $32.70M Helmholtz, KIT, Fraunhofer
GH Technical Assistance - Green-QUEST (GR022) Germany Implementation Grants $6.45M Forschungszentrum Jülich, UCT
Hydrogen Ramp-Up Programme - H2Uppp (GR038) Germany Implementation Grants $0.53M H2/PtX project developers
Green Hydrogen Development Programme - SA-H2 Fund (NL004) Netherlands Implementation Grants $54.00M TBD
GH Development Programme - Accelerating GH economy (NL005) Netherlands Implementation Grants $2.16M Multiple partners
Clean Energy Innovation Facility Phase 1 (UK021) United Kingdom Completed Grants $2.02M InnovateUK, World Bank IFC
Energy Secretariat Part 2 - UK PACT Skill-share (UK039) United Kingdom Completed Grants $0.07M GreenCrowd, CamNexus
GH Infrastructure Development - JT Framework (US019) United States Completed Grants $0.05M DOE, USAID, DMRE

Source: JET Investment Register. Project IDs in parentheses. All amounts converted to USD for comparability.

Status by phase: 4 Planned · 0 Approved · 9 Implementation · 3 Completed (Q3 2025).

Project Pipeline Status

  • ✅ Technology Incubation workstream established
  • ✅ Workforce Skills workstream operational
  • ✅ Shared Infrastructure workstream active
  • ✅ KfW EUR 40M fund secured, first disbursement to Prieska Project
  • ✅ Project Developers Forum scheduled for October 2025

Skills Portfolio Dashboard

Portfolio Overview

The Skills portfolio is delivering demand-led training and placement pathways, aligning SETA plans to JET priorities, and standing up Skills Development Zones (SDZs). As at 30 September 2025, allocations total USD 140 mn (ZAR 2.48 bn), with 36 of 45 projects in implementation or completed phases. Stakeholder work on SDZs is underway with provincial structures in Mpumalanga, Eastern Cape and Northern Cape.

Status by phase: 8 Planned · 1 Approved · 21 Implementation · 15 Completed (Q3 2025).

Total Projects

45
8 Planned · 1 Approved · 21 Implementation · 15 Completed

Allocated to Skills

USD 140 mn
ZAR 2.48 bn (as at 30 Sep 2025)

Focus Areas

Demand-led training, placement pathways, SETA alignment, SDZ pilots.

Current Cycle

Implementation & completion dominate (36 of 45 projects).

Implementation Progress

JET Skills Desk (DHET) Launched
National JET Skills Advisory Forum Established
Skills Development Zones 60% Complete
JET SEP Programme (NBI) $1M Grant Secured

Caption: Skills allocations total USD 140 mn (ZAR 2.48 bn) as at 30 Sep 2025.

JET IP Governance

IMC (Cabinet Ministers)

10
Chaired by Minister of Energy & Electricity; met 27 Mar 2025; next: 24 Oct 2025.

Gov't Steering Committee

19
Cross-dept & SOEs; met 30 Jun 2025; session convened 10 Oct 2025.

International Pledges

USD 14.28 bn
Allocated: USD 5.52 bn (39%) as at 30 Sep 2025.

Funding Platform

240 → 21 → 4
Apps → Listed → Matched; ~ZAR 70m matched; Window 3 opens Q4 2025.
🧭 Governance Structure: The JET IMC provides political leadership; the Government Steering Committee provides operational oversight and coordination; and the JET PMU (Presidency) convenes partners, unblocks bottlenecks, mobilises finance, and ensures transparent M&E across portfolios.
📋 Q3 2025 Governance Highlights: IMC met 27 Mar 2025; next scheduled 24 Oct 2025. Gov't SteerCo met 30 Jun 2025; convened session 10 Oct 2025. Portfolio coordination structures operational: Municipal Council, Skills Desk, Green H2 workstreams, and Mpumalanga JET Committee established.
💰 Financing Update: Total pledged USD 14.28 bn; allocated: USD 5.52 bn (39%); completed projects: USD 931 mn. Grants: 92% allocated; concessional loans: 16% allocated; policy loans: 100% allocated; highly concessional loans & export credits: 0% allocated.
🤝 JET Funding Platform (launched Oct 2024): 240 applications; 21 listed on Project Register; 4 matched (~ZAR 70m). Window 3 planned Q4 2025. TA needs include proposal strengthening, M&E, community inclusion, technical feasibility, and regulatory support.

Notes reflect Governance SteerCo deck (10 Oct 2025) and Q3 2025 Quarterly Report; future updates will align to next IMC/SteerCo results and DLI/STO dashboards.

JET Funding Platform Dashboard

Platform Overview

The JET Funding Platform is a JET PMU matchmaking service that connects credible JET projects to grant funders and provides project-prep support. Launched 25 Oct 2024 (portal live 1 Nov 2024), the Platform has processed 240 applications; 21 projects are listed on the Register and 4 have been matched (~ZAR 70m), including one match in Q3 2025 for ZAR 17.6m.

Applications Received

240
Since Nov 2024

Projects Listed

21
JET FP Register — ready for matching

Projects Matched

4
~ZAR 70m total; 1 match this quarter (ZAR 17.6m)

Window 3

Opens Q4 2025

Q3 2025 Performance

  • ✅ 1 project matched in Q3 2025 (ZAR 17.6m)
  • ✅ 21 projects listed on the JET FP Register (ready for matching)
  • ✅ Applications processed to date: 240
  • ℹ️ Window 3 planned for Q4 2025
  • 🛠️ Common TA needs: proposal strengthening; M&E/impact frameworks; community inclusion; technical/engineering feasibility; regulatory & licensing; financial modelling.

As at 30 September 2025 (Q3 2025 Quarterly Progress Report).

Short- & Medium-Term Outcomes (Infographic)

As at Q3 2025, most outcomes are on track (light green) with moderate delays in pipeline activation and institutional delivery (orange).

Grey — No data / not yet started Red — Critical challenges; likely not to be achieved Orange — Significant challenges; delayed/off-track, work underway Light green — Progress on track Dark green — Completed; further work required Blue — Completed; no further work required Violet — Required (cross-cutting/enablement)
Indicators on track (light green)
Completed (blue + dark green)
Off track (orange + red)
Dec 2025
Milestone horizon

Short-Term Outcomes (1–3 years)

Funding flows, coordination, Funding Platform, pipeline, problem-solving, compliant programmes, and M&E (STO1–STO7).
STO1
Funding flows
STO2
Coordination systems
STO3
Funding Platform (FP)
STO4
Active project pipeline
STO5
Problem-solving
STO6
Compliant programmes
STO7
M&E for decision-making

Medium-Term Outcomes (3–5 years)

Finance deployed effectively; coherent stakeholder support; delivery capabilities; effective skills system (MTO1–MTO4).
Outcome Indicator / 2025 Milestone Status (colour)
MTO1 Finance mobilised & deployed efficiently Light green
MTO2 Coherent support across stakeholders Light green
MTO3 Institutions increasingly able to deliver Orange
MTO4 Skills system working effectively Light green

Outcome Narrative Highlights

The infographic reflects the JET IP's directional indicators and Theory-of-Change framing (STO1–STO7; MTO1–MTO4). Update colours per quarterly evidence.
  • Transmission enablement: ITP RFQ (31 Jul 2025) and upcoming RFP (Nov 2025) with the CGV expected to support procurement from late 2025 (tie-in to STO1).
  • ACT IP: CIF approval; implementation structures aligning across DOE&E, Eskom, NT, DFFE and MDBs (STO1/2/5).
  • Funding Platform: 240 apps, 21 listed, 4 matched (~ZAR 70m) (STO3/4).

Data visualisation compiled by the JET PMU M&E Unit · Updated for Q3 2025.

Snapshot Pilot Core Indicators

The Core Indicators are a proxy for expected outcomes across the JET IP. Individual projects have their own M&E Frameworks with project-specific indicators not measured by the JET IP.

This section presents a snapshot of pilot data from 16 projects that reported on Core Indicators during the Q3 2025 reporting cycle (ending 30 September 2025). The data were submitted by one IPG partner contributing to the first round of pilot reporting. Results should be understood as preliminary, indicative findings that will expand as additional partners adopt the framework in future reporting cycles.

⚠️ Pilot Data: These data represent 16 (7.05% coverage) of the 227 projects in the JET Investment Register, by number of projects rather than volume of pledge. This is a non-representative pilot sample from one IPG partner.

Institutional Strengthening

13 of 16 (81%)

Definition: Tracks improvements in institutional capacity, systems, resources, and coordination mechanisms resulting from JET interventions.

Jun 2023 – Dec 2026

Planned Results

Strengthened capacity and systems across government entities (DPME, DMRE, NT, ACF, PCC coordination)

Actuals Reported to Date (30 Sept 2025)

  • 5 SMMEs (3 woman-owned) accredited as Energy Performance Certificate Inspection Bodies
  • National JET M&E Framework under development
  • Participatory justice framework piloted in Mpumalanga

Community Involvement

6 of 16 (37.5%)

Definition: Measures the extent to which communities are meaningfully engaged in the design, planning, and implementation of JET interventions.

Jun 2023 – Dec 2026

Planned Results

Engagement of civil society, labour, and community representatives in project design and implementation

Actuals Reported to Date (30 Sept 2025)

  • 83% achieved Level 3 engagement (community involved from design stage)
  • 88 municipal officials trained in gender-responsive e-mobility planning

Jobs Creation

4 of 16 (25%)

Definition: Full-time equivalent (FTE) jobs created and maintained directly and indirectly through JET interventions.

Jun 2023 – Dec 2026

Planned Results

1 400–1 500 construction jobs; 210–220 operational jobs (including SMME-facilitated employment estimates)

Actuals Reported to Date (30 Sept 2025)

  • 640–650 permanent operational jobs created
  • 27%–30% women's participation in infrastructure roles
  • 40%–43% women's participation in SMME-focused interventions

Livelihoods

5 of 16 (31%)

Definition: Measures contributions to household welfare and sustainable livelihoods in communities affected by the energy transition.

Jun 2023 – Dec 2026

Planned Results

Human and built capital improvements for households and communities

Actuals Reported to Date (30 Sept 2025)

  • 53 000+ people benefiting from renewable energy access (primarily commercial and industrial customers)
  • 80+ farmers trained in coal diversification and climate-smart agriculture
  • Capacity-building for Mpumalanga stakeholders on Just Transition concepts

Emissions Reductions

2 of 16 (12.5%)

Definition: Greenhouse gas emissions reduced or avoided as a direct result of JET interventions, measured in tonnes of CO₂ equivalent per annum.

Sep 2023 – Dec 2026

Planned Results

1.4–1.5 million tonnes CO₂e per annum from renewable energy infrastructure (620+ MW solar and wind projects)

Status Update (30 Sept 2025)

  • Projects in pre-commissioning phase

Projects Reporting by Core Indicator (Snapshot Pilot Sample: 16 Projects)

Projects Reporting by Core Indicator Horizontal bar chart showing the number of projects reporting for each of the five core indicators from the 16-project pilot sample. Institutional Strengthening Community Involvement Jobs Creation Livelihoods Emissions Reductions 13 6 4 5 2

Notes on Core Indicator Reporting

  • Non-representative sample: These data represent 16 projects (7.05% of the 227 projects in the JET Investment Register), by number of projects rather than volume of pledge. This is a non-representative pilot sample from one IPG partner.
  • Reporting scope: Not all projects are relevant to all five Core Indicators. Projects report only on Core Indicators relevant to their intervention. Percentages indicate the proportion of the 16 reporting projects that submitted data on each indicator.
  • Quarterly reporting: Quarterly reporting on Core Indicators is not compulsory for JET partners, as individual projects have differing reporting timelines. Submitters are requested to report according to their existing reporting schedule.
  • Planned vs Actuals: A key distinction exists between planned indicator performance (targets for the project period, Jun/Sep 2023–Dec 2026) and actual indicator performance reported to date (30 Sept 2025). Actuals are reported cumulatively from project start to end. Where actuals are not yet available (e.g., projects in pre-commissioning phase), only planned results are shown.
  • Preliminary findings: Results should be understood as preliminary, indicative findings that will expand as additional partners adopt the Core Indicators framework in future reporting cycles.

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