In a large sauté pan or dutch oven over medium high heat, add your olive oil, chopped bell peppers, onions, garlic and tomato. Sauté for 2 minutes, stirring constantly.
Add chicken, salt and bouillon cube to pan and increase heat to high, stirring constantly for 5 minutes.
Add red cooking wine, bijol and water, drop the heat to low and cover. Allow to cook for 20 minutes.
While your chicken is cooking, rinse your Valencia rice.
Add your rinsed Valencia rice to the chicken and increase the heat to medium. Stir occasionally to ensure the rice doesn't stick to the bottom. Once it reaches a boil, drop the heat to low. Partially cover the pan and stir every couple of minutes to ensure it doesn't stick to the bottom of the pan.
Once your rice is cooked through (about 10-15 minutes), add your beer and lastly your frozen peas. Carefully stir in the beer and peas so they don't became mush and can retain their shape. Cook for another 2-3 minutes.
Remove from the heat. Add minced parsley and red pepper slices as garnish and serve immediately.