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Bolivia nationalizes Iberdrola electricity companies

Photographer
GASTON BRITO

Bolivian police officers stand guard in front of the electrical distribution plant Electropaz, a subsidiary of the Spanish energy company Iberdrola, after President Evo Morales announced their nationalization in La Paz, December 29, 2012. Bolivia nationalised two electricity distribution companies owned by Spanish utility Iberdrola on Saturday, the latest move by leftist President Evo Morales to assert control over the country's...more

Bolivian police officers stand guard in front of the electrical distribution plant Electropaz, a subsidiary of the Spanish energy company Iberdrola, after President Evo Morales announced their nationalization in La Paz, December 29, 2012. Bolivia nationalised two electricity distribution companies owned by Spanish utility Iberdrola on Saturday, the latest move by leftist President Evo Morales to assert control over the country's resources. REUTERS/Gaston Brito
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Photographer
DAVID MERCADO

A Bolivian police officer stands guard in front of the headquarters of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, after President Evo Morales announced their nationalization in La Paz, December 29, 2012. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales on Saturday and aimed...more

A Bolivian police officer stands guard in front of the headquarters of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, after President Evo Morales announced their nationalization in La Paz, December 29, 2012. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales on Saturday and aimed at enhancing rural energy services. The former parent company will be compensated according to a valuation to be drawn up by an independent arbiter, Morales said. The left-wing leader has also nationalized oil, telecommunications and electrical generation companies. REUTERS/David Mercado
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HANDOUT

Bolivia's President Evo Morales (C) signs a decree nationalizing electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, as Vice President Alvaro Garcia Linera (L) and Energy minister Juan Jose Sosa look on, in La Paz, December 29, 2012. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales...more

Bolivia's President Evo Morales (C) signs a decree nationalizing electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, as Vice President Alvaro Garcia Linera (L) and Energy minister Juan Jose Sosa look on, in La Paz, December 29, 2012. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales on Saturday and aimed at enhancing rural energy services. The former parent company will be compensated according to a valuation to be drawn up by an independent arbiter, Morales said. The left-wing leader has also nationalized oil, telecommunications and electrical generation companies. REUTERS/Jose Lirauze/Bolivian Presidency/Handout
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HANDOUT

Bolivia's energy minister Juan Jose Sosa is guarded by police officers at the entrance of the headquarter of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, in La Paz, December 29, 2012. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales on Saturday and aimed at enhancing rural...more

Bolivia's energy minister Juan Jose Sosa is guarded by police officers at the entrance of the headquarter of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, in La Paz, December 29, 2012. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales on Saturday and aimed at enhancing rural energy services. The former parent company will be compensated according to a valuation to be drawn up by an independent arbiter, Morales said. The left-wing leader has also nationalized oil, telecommunications and electrical generation companies. REUTERS/Jose Lirauze/Bolivian Presidency/Handout
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Photographer
GASTON BRITO

Bolivian police officers stand guard in front of the headquarters of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, as government employees put up a banner reading: "Nationalized", after President Evo Morales announced their nationalization in La Paz, December 29, 2012.. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a...more

Bolivian police officers stand guard in front of the headquarters of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, as government employees put up a banner reading: "Nationalized", after President Evo Morales announced their nationalization in La Paz, December 29, 2012.. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales on Saturday and aimed at enhancing rural energy services. The former parent company will be compensated according to a valuation to be drawn up by an independent arbiter, Morales said. The left-wing leader has also nationalized oil, telecommunications and electrical generation companies. REUTERS/Gaston Brito
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Photographer
HANDOUT

Workers of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, hold "Whiphalas" (indigenous flag), in La Paz, December 29, 2012. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales on Saturday and aimed at enhancing rural energy services. The former parent company will be compensated...more

Workers of electricity distribution company Electropaz, a subsidiary of the Spanish energy company Iberdrola, hold "Whiphalas" (indigenous flag), in La Paz, December 29, 2012. Bolivia nationalized two electricity distribution companies owned by Spanish utility Iberdrola, according to a decree announced by President Evo Morales on Saturday and aimed at enhancing rural energy services. The former parent company will be compensated according to a valuation to be drawn up by an independent arbiter, Morales said. The left-wing leader has also nationalized oil, telecommunications and electrical generation companies. REUTERS/Jose Lirauze/Bolivian Presidency/Handout
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Photographer
GASTON BRITO

Bolivian police officers stand guard in front of the electrical distribution plant Electropaz, a subsidiary of the Spanish energy company Iberdrola, after President Evo Morales announced their nationalization in La Paz, December 29, 2012. Bolivia nationalised two electricity distribution companies owned by Spanish utility Iberdrola on Saturday, the latest move by leftist President Evo Morales to assert control over the country's...more

Bolivian police officers stand guard in front of the electrical distribution plant Electropaz, a subsidiary of the Spanish energy company Iberdrola, after President Evo Morales announced their nationalization in La Paz, December 29, 2012. Bolivia nationalised two electricity distribution companies owned by Spanish utility Iberdrola on Saturday, the latest move by leftist President Evo Morales to assert control over the country's resources. REUTERS/Gaston Brito
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