The government of the USA has expressed its concern about the progressive irruption of Chinese capital on the Lima electricity market (~60% of national demand) and the strategic positioning of the Chancay Megaport, as a new hub for logistics and port development in the region.
According to information released by the Financial Times, a senior US official, who preferred to “remain anonymous”, revealed that the concern of Joe Biden’s government has already been sent directly to his counterparts in Peru.
“On major geostrategic issues, the Peruvian government is not sufficiently focused on analyzing the benefits and threats for the country,” indicated the source consulted.
China’s investments in energy, mining and infrastructure have developed rapidly in South America, although with special emphasis on our country. According to the official, Peru decided not to respond to the questions.
“That’s the main problem. Chinese capital has acquired electrical, mining and other companies. Geopolitically speaking, their concerns would be justified,” the source continued.
In the case of the electricity sector, the Italian-owned company Enel announced last April the sale of a crucial part of its business in Peru to the Chinese state-owned Southern Power Grid, for an estimated amount of US$2.9 billion. Indecopi is studying the sale of Enel.
Enel is responsible for the electrical energy provided in Lima, the rest would be in the hands of Luz del Sur, which was already purchased years ago by another state-owned company from the Asian giant, Three Gorges Corporation. The Republic It was the first media outlet to denounce it at the time.
In the case of ports, the company Cosco Shipping builds the first stage of the Chancay Megaport, which is expected to be ready by the last quarter of 2024, to be inaugurated by Xi Jinping during the APEC summit. The total investment exceeds US$3.6 billion.
The terminal, built entirely with private capital, aims to displace other strategic ports in the region, located in countries such as Chile and Colombia. According to the Chinese ambassador to Peru, Song Yang, China is committed to “Chancay becoming the new Shanghai.”
Source: Larepublica
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