WB keen on Africa power profitability, affordability
Power fixing in South Africa. The World Bank shows how Africa’s electricity providers can be profitable and still make electricity affordable.PHOTO | FILE
What you need to know:
“A central, but under-reported issue on the movement to reach universal access is the financial health of electricity utilities,” said Lucio Monari, Director of Energy and Extractive Global Practice at the World Bank. “Less than half of the utilities cover operating expenditures, while several countries lose in excess of $0.25 per kWh sold.
