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May 3, 2010

Bolivia Nationalizes Four Power Companies
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In news from Latin America, Bolivian President Evo Morales has
nationalized four more power companies, including a subsidiary of
France’s GDF Suez. The companies had been formed in the 1990s following
the privatization of the state National Electricity Company. Morales
made the announcement on May Day.

Evo Morales: “We’re here to nationalize all the hydroelectric plants
that were owned by the state before, to comply with the new constitution
of the Bolivian state. Basic services cannot be a private business.”



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