This post originally appeared on Devex.
The COVID-19 pandemic that has overwhelmed health care systems around the world has also exposed significant weaknesses in another essential element of economic and social development: the global power sector.
Dramatic swings in daily electricity demands as countries impose and rescind pandemic lockdowns, and the subsequent economic damage to governments and public utilities, are putting unprecedented strains on many power providers.
The challenge is particularly acute in low- and middle-income countries, where power providers are generally government-owned, operating on thin or negative financial margins, offering below-cost tariffs for low-income residential consumers, and frequently saddled with capacity charges or onerous take-or-pay contracts for power supply … Read the full blog post on Devex.
Posts on the blog represent the views of the authors and do not necessarily represent the views of Chemonics.