|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Bolivia

Bolivia to Invest $135.6 Million Through 2018 in Former Iberdrola Unit

LA PAZ – Bolivia’s government says it will invest $135.6 million over five years in an electricity distribution company it expropriated from Spanish utility Iberdrola in late 2012.

Vice President Alvaro Garcia Linera made the announcement Wednesday during a ceremony marking the first anniversary of Distribuidora de Electricidad La Paz, or Delapaz, as Iberdrola’s former Electropaz unit is now known.

The power distributor invested just $8 million annually when it was run by “foreigners,” while that total increased to $13.2 million last year while under state control, he said in the ceremony in El Alto, near this capital.

Delapaz will invest $25.7 million this year and $109.9 million between 2015 and 2018, the vice president said.

No agreement has yet been reached with Iberdrola on compensation for Delapaz and other units expropriated from the Spanish utility: an electricity distribution company serving the western Bolivian region of Oruro, known as Elfeo; an investment management firm; and a service provider.

Evo Morales, Bolivia’s leftist president, said at the time of the expropriation that Iberdrola’s failure to provide uniform electricity service in rural areas had caused rates in those zones to climb significantly.

Delapaz distributes electricity to urban and rural areas with a single tariff of 60 Bolivian centavos ($0.08) per kilowatt-hour.

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:




 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved