Guatemala President Rules Out Nationalisation of Electricity Distribution Services

The President of Guatemala, Alvaro Colom, ruled out the nationalisation of electricity distribution services that have been in the hands of Spanish power utility Union Fenosa since 1998, Guatemalan media reported on March 6, 2008.

The statement was in response to the proposal of 23 Guatemalan MPs of the centre-left National Union for Hope (UNE) for reduction of the costs for electricity distribution, affecting 50 pct of the poor population of Guatemala.

Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: March 7, 2008