China’s military foothold is inching closer to the United States.
The U.S. has reportedly raised concerns with Peru about Chinese control of its critical infrastructure.
A single Chinese company provides electricity to half of the population in Lima—Peru’s capital. Another Chinese company is waiting to buy control of the other half. The deal is now waiting for approval.
Under the agreement, Enel’s Peruvian subsidiary will sell its entire stake of 83.15 percent in power distribution and supply company Enel Distribucion Peru and 100 percent of Enel X Peru, which provides advanced energy services.
The two Peruvian firms generate and supply electricity for just over half the population of Lima, as well as other parts of the Andean nation, according to data from the National Statistics Institute and Enel.