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January 2, 2013

Bolivia Nationalizes Operations of Spanish Firm Iberdrola 
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Bolivia has nationalized the operations of Spain's largest utility
company, Iberdrola. Buildings occupied by the energy firm were seized by
Bolivian authorities last week following orders by President Evo
Morales, who said the move was made to ensure equality.

President Evo Morales: "We considered this measure necessary to ensure
equitable energy tariffs in the departments of Oruro and La Paz and to
see to it that the quality of electricity service is uniform in rural as
well as urban areas. This measure guarantees the right to equality of
the citizens who live in the rural areas and ensures their income with
equitable tariffs and a quality and uniform service."

 

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