BOLIVIA-SPAIN-ENERGY-IBERDROLA-NATIONALIZATION [Bolivia espera buen acuerdo con española Iberdrola tras nacionalización]

(foto AFP)

Military personnel stand guard around the corporate offices of Electropaz, a power plant that until now were run by Spain’s Iberdrola, in La Paz on December 29, 2012. President Evo Morales announced the nationalization of electrical utilities owned by Spanish company Iberdrola — yet another expropriation by the populist leader of South America’s poorest nation. Morales announced a decree targetting Iberdrola-owned utilities in the cities of La Paz and Oruro — Electropaz and Elfeo, respectively. AFP PHOTO/Jorge Bernal