Comments by "☨St Louis IX opposed paganism, hæresy \x26 debauchery" (@stlouisix3) on "Financial Times" channel.

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  9. 💡 South Africa's electricity crisis has led to widespread damage and corruption, with Eskom struggling to keep the lights on. 00:00 The damage caused by load shedding has been incalculable, and corruption within Eskom has been uncovered. Eskom, responsible for 80% of South Africa's power, is struggling to manage its capacity and keep the lights on. The country has been suffering from an ongoing electricity crisis for 15 years, with no end in sight. ⚡ The video discusses the challenges and history of Eskom, South Africa's electricity provider, and the efforts to improve energy availability. 04:29 Eskom is facing challenges with load shedding and debt relief, and is working to improve energy generation and performance. Eskom was originally created in 1923 to support South Africa's industrialization, and has made efforts to connect more households to the grid. After Mandela's release, there was hope for a bright future for South Africa, and efforts were made to improve electricity access for more households. 🔦 The video discusses the challenges faced by Eskom, a major company in South Africa, and the CEO's determination to address them. 09:36 The CEO saw appalling housekeeping and neglect at a flagship Eskom plant. A friend described Eskom as the biggest criminal syndicate in South Africa, which the CEO later admitted may have been accurate. Eskom is a mega company with a mega footprint and budget. ⚡ A South African small business owner discusses the impact of electricity shortages and crime on his community. 13:44 The struggle of working without electricity and the inability to afford a generator The impact of crime and drugs on the community, leading to the relocation of children to rural areas The increase in crime and drug use due to load shedding, leading to unemployment and desperation ⚡ The video discusses the political interference and dysfunction within Eskom, South Africa's energy company, and the controversy surrounding the CEO's resignation. 18:25 Political interference and dysfunction within Eskom Accusations of treason against the CEO Controversy over moving away from coal to renewable power ⚡ The video discusses the impact of reforms in South Africa's energy sector, leading to a surge in private sector renewable energy projects and the need to transition to cleaner sources of electricity generation. 22:57 The cap on embedded generation was lifted, allowing private companies to generate power at any scale. Reforms have led to an increase in private sector renewable energy projects and a more open, competitive, and decentralized market. Developed countries are offering financial assistance to transition away from coal power to cleaner sources of electricity generation. ⚡ The ShopRite group uses a combination of solar PV panels, diesel generators, and power purchase agreements to secure electricity for their stores. 27:56 The group relies on solar PV panels and diesel generators to provide electricity for their stores, with diesel representing 15-20% of their electricity usage. They have over 1,800 generators that support the stores during load shedding, automatically synchronizing with the mains to provide electricity. The private sector is leading in using renewable electricity to decarbonize operations, be resilient against load shedding, and pay a lower price for electricity.
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