After three years of privatization, the power sector is still in a shambles

After three years of privatization, “the power sector is still in a shambles. When in November 2013 the electricity distribution and power generation companies were handed over to some private operators at an elaborate ceremony, the hope was that daily blackouts and power outages would be minimized until they are gradually eased out. But it is now apparent that those hopes were largely misplaced. Today, consumers are paying more and getting less power at a time the exchange rate and the tariff structure make both generators and diesel prohibitive. The question then remains: how can an economy get out of recession if there is no electricity to power basic industrial and domestic operations at reasonable cost?”