Chinese companies expand in Brazil’s, Chile’s and Peru’s electric sector

A strategically important sector for economic and social development, electricity transmission and distribution in Latin America has been revolutionised by the arrival of Chinese state-owned conglomerates State Grid and Three Gorges in Chile, Peru and by their ongoing expansion in Brazil. Chile and Peru have signed Free Trade Agreements (FTA) with China and have officially committed to participate in the Belt and Road Initiative by signing memoranda of understanding under its banner.

Source: Dialogo Chino