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“It’s Electric!”: China’s Power Play in Latin America
Varistor60 | CC BY-SA 4.0
For a decade, China's major electricity companies have been laser focused on energy generation and transmission in Latin America and the Caribbean, a trend accelerated by the departure of Western competitors, including Brazil-based Odebrecht and U.S. and European companies.
The latest evidence is a new, sizable deal in Peru, where the Italian company Enel is downsizing its presence. China Southern Power Grid, established alongside Chinese energy giant State Grid in 2002, is looking to fill that gap. The company is reportedly preparing a bid for Enel's Peruvian energy distribution assets, valued at $3 billion.
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READ THE FULL ARTICLE IN THE WOODROW WILSON CENTER LATIN AMERICAN PROGRAM'S WEEKLY ASADO
Related Links
- At a Crossroads: Chinese Development Finance to Latin America and the Caribbean, 2022
- China-Latin America Finance Databases
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