The trend for South American nations to reclaim privatised energy businesses has strengthened after Bolivia's president Evo Morales said he planned to seize control of the main power grid from a Spanish-owned company.
The move is a blow to Red Eléctrica Corporaciión, which has operated most of Bolivia's electricity distribution since the grid was privatised 15 years ago.
It follows Argentina's controversial move last month to take control of the country's oil company, YPF, from the Spanish energy company Repsol, which had a majority interest.
UK Guardian
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