Wanted: a CEO for the worst job in global energy
when the lights stayed on every day in South Africa was 2017. But the continent’s most industrialised economy is now facing the worst blackouts ever, leaving most of its citizens without electricity for six-to-eight hours every day.
The problem in South Africa has many idiosyncratic elements – and we’ll get to those in a moment — but offers a wider lesson to emerging nations. Electricity demand is fast increasing, and investment in generation facilities — particularly wind and solar – and transmission grids isn’t keeping up.From India to Brazil and from Nigeria to Bangladesh, power shortages are becoming more common.
Of course the ad would be missing some relevant background — Ramaphosa wouldn’t want to discourage too many potential applicants.
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