Weekly Report - 03 May 2012 (WR-12-17)

BOLIVIA | Morales returns to old ways.  On 1 May much like he had done, two years ago [WR-10-18], President Evo Morales announced the nationalisation by decree of an important privately owned electricity sector company. During an act to celebrate International Workers’ Day,  President Morales said that the government will now be taking full control of the electricity distributing company, TDE, owned by Spain’s Red Eléctrica Española (REE), which is partly (20%) owned by the Spanish State. The move means that Bolivia’s energy sector is once again entirely in the hands of the State. TDE, which was created in 1997 as a result of a privatisation process, owns and runs 73% of the country’s transmission lines and provides electricity to 85% of the population across six of Bolivia’s nine departments. In 2002 REE through its international arm REI purchased 99.94% of TDE. 

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