Bolivia Seizes Spanish Power Firm

Bolivian President Evo Morales seized the local assets of Spanish power grid operator Red Eléctrica Corp. and ordered the armed forces to take over its installations, the latest move against Spanish corporate interests in Latin America.

  • Bolivia seizes Spanish owned power company, but promises fair compensation
    However in spite of the display, sources in Madrid said the Bolivian government is in contact with Spanish authorities and has promised fair compensation for assets and investments. “As a fair homage to the workers and the Bolivian people that has fought ...
    10/12/2016 - 4:26 pm | View Link
  • Spain Demands Fair Price After Bolivia Seizes Electric Utility
    Spain's chief economist said Wednesday that Bolivia will compensate Red Eléctrica Española the amount it invested in the country's electricity network after the South American country announced it would expropriate the local unit of the Spanish utility ...
    05/2/2012 - 12:44 am | View Link
  • Bolivia seizes assets of Spanish power firm
    MADRID (MarketWatch)--Bolivia’s move to expropriate the local unit of a Spanish power grid operator, hard on the heels of Argentina’s recent takeover of YPF, sounds a warning to Spanish energy firms in Latin America and is yet another setback for the ...
    05/1/2012 - 9:49 pm | View Link
  • Bolivia Seizes Spanish-Owned Power Firm
    (Newser) – Bolivian President Evo Morales marked May Day by ordering the country's armed forces to seize the assets of the country's main electricity company. Spanish-owned Red Electrica owned and operated around 85% of Bolivia's power grid, and Morales ...
    05/1/2012 - 5:19 pm | View Link
  • Bolivia govt seizes control of power grid
    President Evo Morales announced on Tuesday that his government is completing the nationalisation of Bolivia's electricity sector by seizing control of its main power grid from a Spanish-owned company. Morales took advantage of the symbolism of May Day ...
    05/1/2012 - 2:10 pm | View Link
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