The funds will be used to build refineries for one and will also be used to advance petrochemicals and renewable energy projects in the developing economy of South Africa. The funds can’t come soon enough for South Africa, whose power sector outages likely represent the African nation’s number one problem. In 2016, Oilprice spoke of its ongoing energy crisis that took the shape of a staggering 99 days of rolling blackouts in 2015. Eskom, the country’s electric utility that provides 95 percent of the country’s electricity needs, has experienced blackouts this year as well, in part due to striking Eskom workers who sabotaged the national grid. And its power problems are far from over. A national blackout—not a rolling blackout but a total blackout–presents unique challenges for Eskom, because in the event of a complete blackout, Eskom would need to restart its power plants without any […]