09 September 2019 - 08:02The energy industry in Africa is arguably one of the most exciting, complex and challenging environments to work in. The continent has enormous energy potential, largely untapped, and will be one of the fastest growing regions for energy demand in the next decade. However, the fact remains that the entire region’s economic development is being hampered by both energy shortages and a chronic lack of skills.
SA’s energy challenges are well documented. The crisis that Eskom is facing cannot be underestimated. The utility is experiencing a so-called death spiral, brought on by declining sales and higher tariffs, which leads to further declines in sales. The problem has been compounded by the notorious Medupi and Kusile power station projects, which are, as Crompton points out, “probably the single largest disaster in SA’s economic history”.
There are no easy answers, says Crompton. “Eskom somehow needs to simultaneously reduce operating costs, increase tariffs and shed a big chunk of debt. There is no painless way for South Africans to deal with their Eskom crisis.” Meanwhile, as the controversial IRP continues to be debated at Nedlac, nothing seems to be happening to jolt the social partners out of their seeming paralysis.
Education Education Latest News, Education Education Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Channel24 - 🏆 48. / 51 Read more »