Tuesday, February 10, 2009

Evo Morales intends to nationalize Bolivia's energy system.

Bolivia plans to nationalize the country's power grid, said on Monday, President Evo Morales, said AFP.

Nationalization of the energy system, said Morales would become the next focus of our struggle. " Earlier, Bolivia already announced the nationalization of the oil and gas industry, as well as the transition to state property of telecommunication companies.

Nationalization plan grid, which has not yet been approved by the Government, a return by the state of all the assets of ENDE, privatized in the early 1990's. ENDE combined generating capacity and distribution system of electricity. ENDE former assets are currently owned by companies from Britain, France and Spain.

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