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Montevideo, November 22nd 2024 - 09:00 UTC

Tag: Rurelec

  • Tuesday, May 27th 2014 - 08:16 UTC

    UK company reaches compensation agreement with Bolivian government

     President Morales expropriated Rurelec's 50.01% stake in Guaracachi, Bolivia's largest power generation company in 2010

    Bolivia has agreed to pay 31.7 million dollars to British electric utility Rurelec as compensation for the 2010 nationalization of its controlling stake in power producer Empresa Electrica Guaracachi, 10 million less than the amount determined by an arbitration tribunal, the Attorney General's Office said.