Bolivian President Evo Morales announced yesterday that his government has nationalised the country’s electricity sector after seizing control of its main power grid from a Spanish-owned company.
Mr Morales ordered the military to take over the subsidiary of Spanish power company REE, which runs around three-quarters of Bolivia’s power grid, reports claimed.
According to the BBC President Morales said at a May Day ceremony: “In honour of all Bolivian people who have struggled to recuperate our natural resources and basic services, we are nationalising Transportadora de Electricidad”.