A corrupt contract?! … Bolivia to execute Isolux Corsán guarantees

Alex Emery reports for BNAmericas:

Bolivia to execute Isolux Corsán guarantees

Bolivia’s government will execute US$117mn in guarantees from

Grupo Isolux Corsán S.A.: Grupo Isolux Corsán S.A. is a private Spanish engineering and construction firm that provides engineering, procurement and construction (EPC) services and concession projects in the areas of infrastructure, energy generation,…
Sector: Electric Power,ICT,…
Country: Spain

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Grupo Isolux Corsán S.A.: Grupo Isolux Corsán S.A. is a private Spanish engineering and construction firm that provides engineering, procurement and construction (EPC) services and concession projects in the areas of infrastructure, energy generation,…
Sector: Electric Power,ICT,…
Country: Spain

“>Isolux Corsán, alleging the cash-strapped Spanish engineering firm failed to comply with several

Bolivian court rules against Chinese firm over rail work: A court in Bolivia has ruled that the government can execute warranties provided under a canceled contract with China CAMC Engineering. The warranties amount to approximately US$23mn, Bolivia’s public works ministry (MOPSV) said in …

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Bolivian court rules against Chinese firm over rail work: A court in Bolivia has ruled that the government can execute warranties provided under a canceled contract with China CAMC Engineering. The warranties amount to approximately US$23mn, Bolivia’s public works ministry (MOPSV) said in …

“>infrastructure contracts.

Isolux failed to make progress on the Ixiamas-San Buenaventura highway and the 200MW, US$398mn Miguillas hydroelectric plant, Bolivian President Evo Morales said. The measure adds to recent similar contract cancellations with companies, including

Bolivia gets tough on ‘underperforming’ infra concessionaires: Bolivia’s government said it had rescinded a railway contract with China’s CAMC Engineering for allegedly failing to meet construction timetables, as the Andean country continues to take a tough stance against foreign investors. …

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Bolivia gets tough on ‘underperforming’ infra concessionaires: Bolivia’s government said it had rescinded a railway contract with China’s CAMC Engineering for allegedly failing to meet construction timetables, as the Andean country continues to take a tough stance against foreign investors. …

“>CAMC Engineering of China and India’s Jindal Steel.

“We hope the ministers execute the guarantees and that we’ll have the opportunity to hire another company,” Morales said in comments broadcast by La Paz-based Radio Panamericana. “We’re going to lose time there, but we won’t lose money. I really regret this.”

Isolux earlier this month filed for bankruptcy and hired New York-based consultant firm Alvarez and Marsal to handle its restructuring. Isolux’s press office did not immediately respond to an e-mail seeking comment.

The opposition in Bolivia plans to file charges against the company on allegations of corruption and influence peddling after Isolux was also awarded contracts for stretches of the Oruro-La Paz and Quiquibey-Yucumo highways, according to state news agency ABI. Isolux also failed to pay agreed fees to local law firm Torres Bejarano y Asociados, said Yerki Núñez, a senator for the Unidad Demócrata party.

Isolux employs 5,236 workers in 35 countries, managing energy, transport infrastructure and water projects.

Left-wing Morales, who first took office in 2006, has seized assets and

Bolivia expects El Mutún settlement with Jindal in March: Bolivia’s government aims to reach a settlement in March with India’s Jindal Steel & Power over the cancellation of its contract for the El Mutún iron and steel project. Jindal, which pulled out of Bolivia in 2012 after…

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Bolivia expects El Mutún settlement with Jindal in March: Bolivia’s government aims to reach a settlement in March with India’s Jindal Steel & Power over the cancellation of its contract for the El Mutún iron and steel project. Jindal, which pulled out of Bolivia in 2012 after…

“>scrapped contracts, part of a wave of expropriations that have included mining, oil, electricity, water and telecommunications companies, airports and pension funds. Morales lost a bid last year to run for a fourth consecutive mandate.

Bolivia has faced at least 18

Glencore begins arbitration over Bolivia assets expropriation: Swiss trader Glencore filed for arbitration against the Bolivian government for the expropriation of its mining and smelting assets, adding to a series of lawsuits against the Andean country. Glencore initiated proceedings over the …

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Glencore begins arbitration over Bolivia assets expropriation: Swiss trader Glencore filed for arbitration against the Bolivian government for the expropriation of its mining and smelting assets, adding to a series of lawsuits against the Andean country. Glencore initiated proceedings over the …

“>arbitration proceedings since 2006 as a result of expropriations and

Court orders Bolivia compensation to Rurelec for seized power generator stake: The Permanent Court of Arbitration in The Hague has upheld Latin America-focused UK power generator Rurelec’s (AIM: RUR) claim that Bolivia breached its bilateral investment treaty with the UK when it expropriated Rurelec’s 50% stake…

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Court orders Bolivia compensation to Rurelec for seized power generator stake: The Permanent Court of Arbitration in The Hague has upheld Latin America-focused UK power generator Rurelec’s (AIM: RUR) claim that Bolivia breached its bilateral investment treaty with the UK when it expropriated Rurelec’s 50% stake…

“>canceled contracts with companies including

Glencore plc: Glencore plc is one of the world’s largest natural resources groups, extending through more than 90 commodities from copper to barley and from oil to vanadium. The company employs roughly 110,000 people across 50 countries….
Sector: Metals,Mining,…
Country: Switzerland

” href=”https://subscriber.bnamericas.com/company-profile/en/glencore-plc-glencore” data-toggle=”tooltip” data-original-title=”

Glencore plc: Glencore plc is one of the world’s largest natural resources groups, extending through more than 90 commodities from copper to barley and from oil to vanadium. The company employs roughly 110,000 people across 50 countries….
Sector: Metals,Mining,…
Country: Switzerland

“>Glencore, Jindal,

Rurelec PLC Ltd.: Rurelec PLC Ltd. is a UK-based company engaged in the acquisition, development and operation of power generation in Latin America. The company’s activities include operations in Argentina and development in Chile and Peru….
Sector: Electric Power
Country: United Kingdom

” href=”https://subscriber.bnamericas.com/company-profile/en/rurelec-plc-ltd-rurelec” data-toggle=”tooltip” data-original-title=”

Rurelec PLC Ltd.: Rurelec PLC Ltd. is a UK-based company engaged in the acquisition, development and operation of power generation in Latin America. The company’s activities include operations in Argentina and development in Chile and Peru….
Sector: Electric Power
Country: United Kingdom

“>Rurelec,

TriMetals Mining Inc.: TriMetals Mining Inc., formerly South American Silver Corp., is a Canada-based, growth-focused mineral exploration company creating value through the exploration and development of the near surface. The company’s principal…
Sector: Mining
Country: Canada

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TriMetals Mining Inc.: TriMetals Mining Inc., formerly South American Silver Corp., is a Canada-based, growth-focused mineral exploration company creating value through the exploration and development of the near surface. The company’s principal…
Sector: Mining
Country: Canada

“>South American Silver,

Pan American Energy LLC: Argentine firm Pan American Energy LLC (PAE) is an oil and gas exploration and production company, which holds hydrocarbon reserves in Argentina, Bolivia and Chile. The company operates four active hydrocarbon basins in Argentina: San …
Sector: Oil & Gas
Country: Argentina

” href=”https://subscriber.bnamericas.com/company-profile/en/pan-american-energy-llc-pan-american-energy” data-toggle=”tooltip” data-original-title=”

Pan American Energy LLC: Argentine firm Pan American Energy LLC (PAE) is an oil and gas exploration and production company, which holds hydrocarbon reserves in Argentina, Bolivia and Chile. The company operates four active hydrocarbon basins in Argentina: San …
Sector: Oil & Gas
Country: Argentina

“>Pan American Energy, Spain’s

Abertis Infraestructuras S.A.: Abertis Infraestructuras S.A. is a Spanish infrastructure group which manages mobility and telecom infrastructure and operates in three business areas: tollroads, telecom infrastructure and airports. Abertis groups together more than…
Sector: Infrastructure
Country: Spain

” href=”https://subscriber.bnamericas.com/company-profile/en/abertis-infraestructuras-sa-abertis” data-toggle=”tooltip” data-original-title=”

Abertis Infraestructuras S.A.: Abertis Infraestructuras S.A. is a Spanish infrastructure group which manages mobility and telecom infrastructure and operates in three business areas: tollroads, telecom infrastructure and airports. Abertis groups together more than…
Sector: Infrastructure
Country: Spain

“>Abertis and

Iberdrola S.A.: Iberdrola is a Spanish energy group engaged in the distribution, generation, transmission and sale of electricity. The company also participates in the renewable energy and natural gas distribution markets, and provides engineering…
Sector: Electric Power
Country: Spain

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Iberdrola S.A.: Iberdrola is a Spanish energy group engaged in the distribution, generation, transmission and sale of electricity. The company also participates in the renewable energy and natural gas distribution markets, and provides engineering…
Sector: Electric Power
Country: Spain

“>Iberdrola, and Chilean firm

Quiborax S.A.: Quiborax, founded in 1986, is a Chilean mining company with operations in the Salar de Surire in the country’s northern Region I. Quiborax produces a range of boron products, including boric acid; boron granules (known as…
Sector: Mining
Country: Chile

” href=”https://subscriber.bnamericas.com/company-profile/en/quiborax-sa-quiborax” data-toggle=”tooltip” data-original-title=”

Quiborax S.A.: Quiborax, founded in 1986, is a Chilean mining company with operations in the Salar de Surire in the country’s northern Region I. Quiborax produces a range of boron products, including boric acid; boron granules (known as…
Sector: Mining
Country: Chile

“>Quiborax.

https://www.bnamericas.com/en/news/world-bank-more-efficient-spending-key-to-improving-latam-infrastructure1/?position=703413

The coca grower caudillo who has had total, absolute control of all Bolivian State powers, had pushed for direct invitation, hand-picked companies, rather than following procedures to hire in a transparent manner …

Well, the result of such incompetence of this populist demagogue is just this … so the world knows and those Bolivians who still “trust” on him, out of ignorance of issues like this, will hopefully reason better and began also asking what happened with the $180 billion dollars during these last eleven years!?

What happened??!! … wasted out of incompetence of governments of the so-called socialists of 21st century … a nightmare for Argentina, Brazil, Venezuela, Nicaragua, Ecuador and Bolivia!

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