Half a million residents of Sao Paulo remained without electricity on Monday three days after a storm knocked down power cables, leaving much of Brazil's largest city in the dark.
Not sure of they problems are the same. South Africa de regulated the energy market to make itself “friendly” to private investors, while at the same time forbid its national energy company for building any new plants (because it was UnfAiR CoMpeTItIoN), the private investors never came to supply they growing demand and now they are behind like 50 years in energy generation.
Since it’s privatization im 2019, the company had laid off 39% of its employees.
It’s almost as if vital national infrastructure shouldn’t be one of those things left in private hands.
Sounds bad like in South Africa 🤔
Not sure of they problems are the same. South Africa de regulated the energy market to make itself “friendly” to private investors, while at the same time forbid its national energy company for building any new plants (because it was UnfAiR CoMpeTItIoN), the private investors never came to supply they growing demand and now they are behind like 50 years in energy generation.