La Paz - The Bolivian government on Saturday ordered the nationalization of three private electricity companies, including two with British and French stakeholders.
The offices of electricity firms Corani and Guaracachi were occupied by police following the decree, local media reported.
Corani is 50 per cent owned by Inversiones Econergy Bolivia SA, a subsidiary of GDF SUEZ, whilst Guaracachi is 50 per cent owned by the British firm Rurelec PLC.
The government's announcement coincided with celebrations being held for International Workers Day, also known as May Day.
Morales said the government aimed to take complete control of the sector.
Source: Earth Times.
Link: http://www.earthtimes.org/articles/show/321551,bolivia-nationalizes-three-private-electricity-companies.html.
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