By Business Daily
Last week, South Africa’s state-run electricity power utility, Eskom, announced a record loss of 20.7 billion rand (Sh145 billion), an increased loss of almost 800 percent from the 2017/2018 financial year.
Looking at the rise and fall of Eskom, there are a lot of lessons for Kenya to learn from.
First, Kenya is currently forecasting over-ambitious power demand numbers informing it to unsustainable bring on board new independent power producers an anomaly that will catch up with her in the near future just like Eskom.
Around 2007, the South African government convinced Eskom that there was a need to secure baseload by going for nuclear and coal options rather than renewable power generation. Read more>>
