This was downtown Buenos Aires in the rush hour on Wednesday night. Ouch.
A gigantic power cut crippled the centre of the capital, causing three hours of chaos and misery for 3m people, some of whom were trapped in the metro or ended up having to walk miles home through gridlocked streets choked by failed traffic lights. It could get worse on Thursday. Continue reading »
By Ben Aris of bne
Its back to the drawing board for Russia’s utilities reform.
The Russian government admitted at the end of last week reforms designed to set the regulated tariff rates have been driving badly needed investors away from the sector. Continue reading »
Evo Morales has gone and done it again. The president of Bolivia has nationalised a local unit of Spain’s Red Electrica, “in honour of all Bolivian people.”
This is not the first time. Two years ago Morales nationalised four electric companies – two of which were foreign – at the “thunderous request of the people”.
In fact, one might argue May Day nationalisations are becoming something of a habit in Bolivia. Continue reading »