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Story summary
- The United States and China are competing for influence in Peru amid rising energy demand.
- I Squared Capital and the Canada Pension Plan Investment Board (CPPIB) have confirmed a deal to purchase Inkia Energy, a Peruvian power producer.
- Each firm will acquire a 50% stake in Inkia, valuing the company at $3.4 billion including debt.
- The investment signals growing interest in Peru's energy sector.
