Wartsila Oyj, a Finnish company that makes power plants, expects South Africa to face electricity outages for at least another decade unless it installs as much as $8 billion worth of gas-fired generation capacity. The outages stem from state power utility Eskom Holdings’ failure to adequately invest in new capacity and the maintenance of 14 operating coal-fired power plants. The energy shortages have been exacerbated by the slow ramp up of its two newest plants.
