President Cyril Ramaphosa, said he would 'applaud' whoever agrees to be Eskom CEO. That’s not a joke. Running the utility surely ranks as the worst job in the global energy industry, writes Javier Blas. | News24_Business
President Cyril Ramaphosa, said he would"applaud" whoever agrees to be Eskom CEO. That’s not a joke. Running the utility surely ranks as the worst job in the global energy industry, writes JBut the continent’s most industrialized economy is now facing the worst blackouts ever, leaving most of its citizens without electricity for six-to-eight hours every day. There’s no end in sight.
From India to Brazil and from Nigeria to Bangladesh, power shortages are becoming more common. Unless governments get their act together, electricity failures will become a serious handicap to economic growth. For the first time in decades, the number of people without any access to electricity rose last year, reaching nearly 775 million.
Eskom, South Africa’s state-owned utility monopoly, is again looking for a chief executive after André de Ruyter’s resignation in December. President Cyril Ramaphosa, who made a fortune in coal mining, said earlier this month he would"applaud" whoever agrees to take the job. That’s not a joke. Running the South African utility surely ranks as the worst job in the global energy industry.
Right now, lack of transmission capacity is hindering wind and solar additions. The government should also further liberalize generation, opening the way for more private sector self-production.
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