Here’s what happened when generation was untangled from the rest of the state-owned monopoly in China. Between 2003 and 2006, new generation companies added over 237,500 MW to the Chinese grid. That’s the equivalent of delivering nearly 10 Eskoms in three years.
AuthorRoy Havemann
Research Associate, Stellenbosch University.
After a stint as a macroeconomics lecturer at Stellenbosch University, I joined the National Treasury economic forecasting team in 2002. Between 2007 and 2009, I consulted to various state-owned enterprises including Eskom, SANRAL and Transnet. After the 2008 Global Financial Crisis, I rejoined the National Treasury in the financial sector policy team, where my work focussed on the link between finance and the real economy. I was part of the team that implemented regulatory reforms to strengthen the financial sector, including Twin Peaks, Basel 3, the recovery and resolution framework and the reform of over-the-counter derivatives. I hold an MSc (Economics) from the London School of Economics, and a PhD (Economics) from Stellenbosch University, where I am also a research associate. I am currently head of fiscal and economic services at the Western Cape Government.