SANTIAGO Jan 31 Chilean steel and iron ore
producer CAP and SunEdison, a unit of U.S.-based MEMC
Electronic Materials Inc, said on Thursday they have
agreed to build a 100 megawatt solar power plant in the Andean
nation's Atacama desert.
The solar plant would be the largest of its kind in Latin
America and would supply around 15 percent of CAP's energy needs
after its scheduled startup by the end of the year.
The companies did not provide an estimate of how much they
plan to invest in the plant.
Northern Chile's Atacama desert is host to the bulk of the
nation's massive copper mines and has some of the world's
highest levels of solar radiation.
CAP said last year it could invest at least $3.5 billion to
$4 billion from 2015 to 2018 as it mulls plans to propel iron
ore production to 30 million tonnes and diversify into energy
Miners in Chile, the world's leading copper producer, are
struggling with steep power prices because of prolonged droughts
which have hit hydropower output, delays in key energy projects
and a shaky transmission system.