Bolivia's president nationalizes electrical grid

POSTED: Tuesday, May 1, 2012 - 11:00pm

UPDATED: Tuesday, May 1, 2012 - 11:14pm

LA PAZ, Bolivia — President Evo Morales announced Tuesday that his government is completing the nationalization of Bolivia's electricity sector by seizing control of its main power grid from a Spanish-owned company.

Morales took advantage of the symbolism of May Day, the international day of the worker, to order troops to occupy installations of the company, a subsidiary of Red Electrica Corporacion SA.
 

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