Bolivia has nationalised two electricity distribution companies owned by Spanish utility Iberdrola, the latest move by leftist President Evo Morales to assert control over the country's resources.
Iberdrola will be compensated according to a valuation to be drawn up by an independent arbiter, Morales said on Saturday, adding that the measure was aimed at enhancing rural energy services.
"We considered this measure necessary to ensure equitable energy tariffs ... and to see to it that the quality of electricity service is uniform in rural as well as urban areas," Morales said.
President Morales has nationalised oil, telecommunications, mining and electrical generation companies.
In June, Morales took control of global commodities giant Glencore's tin and zinc mine in Bolivia and more nationalisations of mining companies could be ahead in the Andean country.
-- Wojtek
"An anarchist is a neoliberal without money."