Fiji Time: 12:32 AM on Sunday 26 April

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. Fijian accused of killing ex-partner
  2. Smart watch goes on sale
  3. Keeping it sexually safe
  4. Gospel shines
  5. Airline confirms position still vacant
  6. $18m brew house
  7. Lal bags another medal to his list
  8. Natabua, Jasper win Coca-Cola Games
  9. LTA warns bus drivers against incomplete routes
  10. Blues prepare for Ba in Fiji FACT opener

Top Stories this Week

  1. Gang rape Monday (20 Apr)
  2. Bloody Sunday Monday (20 Apr)
  3. Death shatters dream Monday (20 Apr)
  4. The murder of a schoolteacher Tuesday (21 Apr)
  5. Wish for son's death Monday (20 Apr)
  6. Wrong body for burial Thursday (23 Apr)
  7. Unclaimed body laid to rest Tuesday (21 Apr)
  8. Hunt for terrorist Thursday (23 Apr)
  9. Man dies in road accident Sunday (19 Apr)
  10. Rights over freehold land Wednesday (22 Apr)