02-05-2010, 06:11 AM
Breaking News: Bolivia nationalises energy firms
Posted on May 1, 2010 by willyloman
Posted on May 1, 2010 by willyloman
Bolivia has nationalised at least four power companies, expanding state control over the Latin American nation’s key industries.
Evo Morales, the Bolivian president, signed a decree authorising the nationalisation at the offices of one of the companies in the city of Cochabamba on Saturday, hours after police had moved in to secure them.
“We are here to nationalise all the hydroelectric plants that were owned by the state before, to comply with the new constitution of the Bolivian state,” Morales said.
“Basic services can not be a private business. We are recovering the energy, the light, for all Bolivians.”
Shortly after taking office in 2006, Morales nationalised Bolivia’s natural gas industry and has since taken control of several other utility companies.
… “This is essentially what Morales, the Bolivian president, was elected on,” Alex Van Schaick, a Bolivia analyst, told Al Jazeera
“It was for the recuperation of basic public services putting oil, natural gas and other strategic public utilities back in the hand of the public sector.”
… Bolivia’s state-run National Electricity Company (ENDE) was privatised in 1994 and broken up into a number of generation, transmission and distribution companies.
Roberto Peredo, the president of the current state power company, said in a speech at the Corani power plant on Saturday that the renationalisation”one of the biggest achievements of the cultural revolution“.
He said that privatisation had seen ENDE solde to “neoliberal capitalists for the price of a dead chicken“. Al Jazeera
Imagine that. A president was elected to bring about “CHANGE” and he actually does change something…. funny how that works.
Evo Morales, the Bolivian president, signed a decree authorising the nationalisation at the offices of one of the companies in the city of Cochabamba on Saturday, hours after police had moved in to secure them.
“We are here to nationalise all the hydroelectric plants that were owned by the state before, to comply with the new constitution of the Bolivian state,” Morales said.
“Basic services can not be a private business. We are recovering the energy, the light, for all Bolivians.”
Shortly after taking office in 2006, Morales nationalised Bolivia’s natural gas industry and has since taken control of several other utility companies.
… “This is essentially what Morales, the Bolivian president, was elected on,” Alex Van Schaick, a Bolivia analyst, told Al Jazeera
“It was for the recuperation of basic public services putting oil, natural gas and other strategic public utilities back in the hand of the public sector.”
… Bolivia’s state-run National Electricity Company (ENDE) was privatised in 1994 and broken up into a number of generation, transmission and distribution companies.
Roberto Peredo, the president of the current state power company, said in a speech at the Corani power plant on Saturday that the renationalisation”one of the biggest achievements of the cultural revolution“.
He said that privatisation had seen ENDE solde to “neoliberal capitalists for the price of a dead chicken“. Al Jazeera
"Where is the intersection between the world's deep hunger and your deep gladness?"