Bolivia has nationalized the operations of Spain’s largest utility company, Iberdrola. Buildings occupied by the energy firm were seized by Bolivian authorities last week following orders by President Evo Morales, who said the move was made to ensure equality.

President Evo Morales: “We considered this measure necessary to ensure equitable energy tariffs in the departments of Oruro and La Paz, so that the quality of electricity service is uniform in rural and urban areas. This measure guarantees equality to the citizens who live in rural areas and ensures their income with equitable tariffs and a quality and uniform service.”