Bolivian President Evo Morales has announced plans to complete the nationalization of the country’s electrical supply by wresting control of its main power grid from a Spanish-owned company. Under the banner of International Workers’ Day, Morales ordered soldiers to occupy holdings of the Spanish-owned company, Red Electrica. The move comes after Argentina has acted to take control of its oil company from the Spanish energy corporation, Repsol.
Bolivia Nationalizes Spanish-Owned Electrical Firm
HeadlineMay 02, 2012