Bolivia nationalizes four power companies

Leftist Bolivian President Evo Morales said on Saturday he had nationalized four power companies, including a subsidiary of France's GDF Suez.

Morales said the state now controls 80 percent of electricity generation in the impoverished Andean nation, and was aiming for complete government control over the sector.

The power companies include Corani, which is 50 percent owned by Inversiones Ecoenergy Bolivia S.A., a subsidiary of France's GDF Suez, and Guaracachi, which is 50 percent owned by Britain's Rurelec PLC.

Reuters