Bolivia announces energy reforms to attract foreign investment

​Bolivia's government ‌on Thursday announced ​a plan for a ‌new electricity and renewable energy law aimed at attracting international investment ‌and reducing the country's dependence ‌on natural gas.

The new legislation would replace the law ⁠in ​effect ⁠since 1994 and seeks to reverse ⁠the model of complete state ​control.

The law would allow private ⁠companies to participate in ⁠the generation, ​export and import of energy, said the ⁠Minister of Hydrocarbons and Energy, Marcelo ⁠Blanco, ⁠at a press conference.