By Paul Burkhardt – Bloomberg
South Africans can empathize with Californians enduring power outages instituted by bankrupt utility PG&E Corp. to prevent strong winds from knocking down electrical lines and igniting fires.
Africa’s most industrialized nation has been contending with electricity shortages since late 2005, as a result of state-owned utility Eskom Holdings SOC Ltd.’s failure to invest in additional generation capacity as the economy grew.
Almost the entire population of 58.8 million has been affected by intermittent rolling blackouts — which all too often come without warning — and the resultant traffic jams and business interruptions that dent the economy. The outages in the U.S. may eventually affect more than 3 million people.
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Source:: East Bay – Science