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’s Morales expects to consolidate provincial power in Sunday’s election
    The opposition, mostly colonial Spanish descendent and European stock that favour pro market policies question President Morales government intervention in the economy, nationalization of natural resources, the splitting of large estates into small farms ...
    01/28/2018 - 5:56 pm | View Link
  • Bolivia Seizes Spanish Utility in Forced Nationalization
    Spain’s Iberdrola has the gone the way of Repsol (REP.MC) in Latin America, as the Bolivian army seizes its buildings on orders from ... It’s not exactly egalitarian, according to Morales. Another Spanish company, Red Electrica, was nationalized ...
    01/3/2013 - 3:21 am | View Link
  • US warns Bolivia that nationalisation of Red Electrica company will damage investment
    The Bolivian President, Evo Morales, seized the Red Electrica subsidiary on Tuesday, just 15 days after Argentine President Cristina de Kirchner announced the expropriation of Spanish oil giant ... American nation's electric power lines, and in 2005 ...
    05/2/2012 - 10:24 am | View Link
  • Bolivia Seizes Spanish-Controlled Power Grid
    Bolivia has seized control of its national power grid from a Spanish-owned company, with the government saying it is nationalising its electricity industry. The news comes weeks after neighbouring Argentina announced plans to take over its oil company, YPF ...
    05/2/2012 - 5:25 am | View Link
  • Bolivia nationalises Spanish-owned electricity firm
    Spanish power company REE bought 99.94% of shares in TDE in 2002. The remaining 0.06% are in the hands of the Bolivian employees of TDE. TDE owns and runs 73% of the power lines in Bolivia, providing 85% of Bolivians with electricity, according to the ...
    05/1/2012 - 8:22 am | View Link
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