PERUVIAN PRESIDENT HUMALA OPENS SOLAR POWER PLANT IN SOUTHERN PERU THIS YEAR

Lima, March (ANDINA). Peru's President Ollanta Humala Tasso opened Monday two photovoltaic power plants in southern regions of Tacna and Moquegua.

Photo Andina/Prensa Presidencia

The PV power plants were built with an investment of 500 million soles (US$192 million).

The first one, which was granted to Tacna Solar 20 TS SAC, will produce 47,196 MWh of solar power annually and required an investment of 250 million soles.

The second plant, which will start to operate in Moquegua, was awarded to Panamericana Solar 20 TS SAC and covers 123 hectares. It is expected to generate 50,676 MWh per year.

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PERU TO SEE INCREASE IN SILVER PRODUCTION IN 2013

Peru’s production of silver is estimated to increase by 5 percent this year, driven by new mining projects, according to a recent report by Scotiabank main branch in PERU.

The growth would represent a considerable increase from the 1.74 percent increase in silver mining last year.

Scotiabank said that the Milpo and El Brocal mining firms were currently in the midst of expanding their plants, which would lead to an increase in sliver production. The bank said the increased investments would lead to growth of 9 percent per year, between 2014 and 2016.

Last year the Buenaventura mining company saw 16 percent growth in their silver output, the daily said.

According to Scotiabank, the increase is also due to new mines such as Xstrata’s Las Bambas, Chinalco’s Toromocho, and Hudbay’s Constancia project.

"Volcan and Hochschild have new projects that are focused on increasing production" 

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Peru's construction sector to maintain double-digit growth this year..!

Lima, Mar. 05 (ANDINA). Peru's booming construction sector is likely to continue its double-digit growth over the next two years, according to government estimates released Tuesday.

Photo: ANDINA/ Archivo/ Alberto Orbegoso.

Minister of Housing, Construction and Sanitation Rene Cornejo said construction activity has grown 15 percent over the past few years, and everything indicates that the trend will continue in 2013 and 2014.
The construction industry has doubled its share of contribution to the country's groos domestic products in the last five years, he added.
The sector is currently growing seven percent after expanding 15 percent last year, Cornejo said, so we estimate that its double-digit growth will continue in the years to come in a context of strong economic growth at six percent.
The minister on Tuesday opened a workshop on Sharing Experiences in the Design and Implementation of Green Building Codes" in the economies of the Asia-Pacific Economic Cooperation (APEC), taking place in Lima on March 5-7.

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