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SPIC Enters A New Stage in Chile, as Marked by the Successful Completion of the Punta Wind Power Project
Source:Writer:Date:07/09/2018

The completion ceremony of the Punta Wind Power Project of SPIC Pacific Hydro Chile of SPIC was held at the project site on August 24th. Among the present were Li Wuji, Acting Ambassador of the Chinese Embassy in Chile, Jose Ramon, Minister of Economy of Chile, and Susana Jimenez, Minister of Energy of Chile as well as Jiang Yi, Member of the Board of SPIC, who jointly cut the ribbon and inaugurated the ceremony.

The Punta Wind Power Project, with a total installed capacity of 80MW and a total investment of nearly US$150 million, took approximately 18 months to be completed. It is equipped with 32 wind turbines and estimated to annually generate 282GWh of power, which will meet the electricity demand of 130,000 households and reduce carbon emissions by 157,000 tons. The Punta facility is a wind farm with the largest installed capacity and the most advanced unit performance in the region. It is also the first wind farm built and invested in Chile by SPIC.

It is a typical project through which SPIC playing an active role in the Belt and Road Initiative. SPIC, the largest investment company in Chile, has began a new phase of development in Chile, as marked by the launch and power generation of Punta Wind Farm. In its international development, SPIC adheres to international practices, the protection of ecological environment, the compliance with local laws, the integration into the local community, and the path of sustainable development. It will contribute to deepening the synergy between China and Chile, making their respective advantages complementary to each other and realzing mutually-beneficial and win-win cooperation.

Li Wuji expressed his warm congratulation on the successful completion of the project and his heartfelt gratitude to the Chilean government for its trust and support to the Chinese enterprise during the implementation of the project. He pointed out that the completion of the Punta wind power project was the result of pragmatic cooperation between the two countries and an important symbol of China-Chile capacity cooperation. China will continue to firmly support the development of economic globalization and maintain the rules-based multilateral trading system. It will, in joint efforts with the Chilean government, bring more Chinese companies to Chile, expand investment and cooperation in the fields of smart energy and environmental protection in Chile, promote the mutually beneficial and win-win situation between the two countries, and integrate the development of the “Belt and Road Initiative” of China with the “2030” investment program of Chile.

The Chilean Minister of Energy and the Minister of Economy recognized the positive role that the Punta Wind Power Project will play in reducing environmental pollution, benefiting the community and promoting sustainable development of the society, and stated that the Chilean government will vigorously support the development of new energy projects in the coming years to make full use of local high-quality renewable resources, draw on the practical experience of this successful investment to attract more foreign investment, and look forward to joining hands with China in more clean energy projects in the future.

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