Joburg needs R26 billion for stable power — and it only has R1 billion
Johannesburg, South Africa’s biggest city, needs 26 billion rand ($1.6 billion) to stabilize power supply by 2030 as recurrent outages inhibit economic activity, Mayor Mpho Phalatse said.
South Africa has been hit by intermittent power cuts since 2008 because Eskom Holdings SOC Ltd., the state power utility, can’t meet demand. The country is on course to have a record number of outages this year.
[Bloomberg]
Johannesburg, South Africa’s biggest city, needs 26 billion rand ($1.6 billion) to stabilize power supply by 2030 as recurrent outages inhibit economic activity, Mayor Mpho Phalatse said.
South Africa has been hit by intermittent power cuts since 2008 because Eskom Holdings SOC Ltd., the state power utility, can’t meet demand. The country is on course to have a record number of outages this year.
[Bloomberg]