Fiji Time: 2:01 PM on Sunday 23 November

Fiji Times Logo

/ Front page / Business

Step to equal electricity rates

Ap
Monday, December 31, 2012

LA PAZ, Bolivia - Bolivia President Evo Morales has nationalised electricity distribution subsidiaries of the Spanish energy company Iberdrola.

In a public ceremony on Saturday Morales issued a decree allowing the takeover of shares in Empresa de Electricidad de La Paz (Electropaz) and Empresa de Luz y Fuerza de Oruro (Elfeo), which supply energy in the Andean nation.

In the ceremony at Bolivia's government palace, Morales also announced the expropriation of an investment management company and a service provider belonging to the Spanish energy giant.

Morales said he had "been forced to take this step" to ensure that electric service rates remained "equitable" in the regions of La Paz and Oruro.

Soldiers guarded the installations of the electricity distribution companies, marked with signs reading: "Nationalised."





Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Today's Most Read Stories

  1. Sturridge out for the season
  2. $50m more
  3. This team is much fitter than Gold Coast winning team says Ryan
  4. Chaudhry describes budget as 'ambitious and unrealistic'
  5. FCEF: Budget to help Fijians
  6. Fiji's return anticipated
  7. Three drown
  8. Alcohol duty up by 10pc
  9. Fijians win
  10. $239m for consistent access to piped water supply

Top Stories this Week

  1. Tourist's death: Murder accused to appear in court Monday (17 Nov)
  2. Stabbed to death Tuesday (18 Nov)
  3. Prime Minister Modi arrives in Fiji Wednesday (19 Nov)
  4. Kill victim cried for help Tuesday (18 Nov)
  5. The man behind the scene Monday (17 Nov)
  6. Bula Mr Modi Wednesday (19 Nov)
  7. Man found unconscious, dies in hospital Monday (17 Nov)
  8. Modi-fied Thursday (20 Nov)
  9. Modi announces visa on arrival for Fiji people Wednesday (19 Nov)
  10. WHAT FIJI WILL GET Thursday (20 Nov)