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.

BING NEWS:
  • Bolivia seizes Spanish electric company
    LA PAZ, Bolivia, May 4 (UPI) -- As confusing signals go, Bolivia achieved a double whammy by seizing a Spanish power generation company hours before welcoming Spanish energy giant Repsol into the country. Bolivian President Evo Morales went to some length ...
    05/4/2012 - 3:53 am | View Link
  • Bolivia Seizes Spanish Power Firm
    "This is power politics," said Mr. Naim ... said that Bolivia is making a mistake. Mr. Fabra, a Spanish economist, said Red Eléctrica helped pioneer methods for lowering electricity costs by implementing a system for ordering higher-cost electricity ...
    05/2/2012 - 2:32 am | 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 - 10:19 pm | 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 company, but promises fair compensation
    The measure was announced in the midst of the tension generated between Argentina and Spanish Prime Minister Mariano Rajoy's government over the expropriation of YPF. RRE owns and runs around three-quarters of Bolivia’s power grid. The Head of State made ...
    05/1/2012 - 6:07 pm | View Link
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