Nationalization Becomes Electric
President Evo Morales is pressing forward with his nationalization program in Bolivia, seizing four private electric companies Saturday morning. The government now controls 80 percent of the country's power generation.
President Evo Morales is pressing forward with his nationalization program in Bolivia, seizing four private electric companies Saturday morning. The government now controls 80 percent of the country’s power generation.–JCL
Wait, before you go…The BBC:
Bolivian President Evo Morales has ordered the nationalisation of four private electricity companies.
Police moved into the offices of Corani, Valle Hermoso and Guaracachi firms, following Mr Morales’ decree.
Corani is half owned by a subsidiary of France’s GDF Suez. Guaracachi’s main partner is Britain’s Rurelec, while ELFEC and Valle Hermoso are local.
President Morales said that the government now controlled 80% of electricity generation in the country.
If you're reading this, you probably already know that non-profit, independent journalism is under threat worldwide. Independent news sites are overshadowed by larger heavily funded mainstream media that inundate us with hype and noise that barely scratch the surface. We believe that our readers deserve to know the full story. Truthdig writers bravely dig beneath the headlines to give you thought-provoking, investigative reporting and analysis that tells you what’s really happening and who’s rolling up their sleeves to do something about it.
Like you, we believe a well-informed public that doesn’t have blind faith in the status quo can help change the world. Your contribution of as little as $5 monthly or $35 annually will make you a groundbreaking member and lays the foundation of our work.
Support Truthdig
There are currently no responses to this article.
Be the first to respond.