Earlier this month, Beijing’s state-owned China Southern Power Grid announced the acquisition of nearly $3 billion in assets of Peru’s electric power grid, giving China control of at least 70% of Peru’s electric distribution market. The deal is remarkable, among other reasons, because it follows months of violent protests that have rocked Peru since December following the impeachment and arrest of socialist president Pedro Castillo. This is no accident.
Earlier this month, Beijing’s state-owned China Southern Power Grid announced the acquisition of nearly $3 billion in assets of Peru’s electric power grid, giving China control of at least 70% of Peru’s electric distribution market.