CAP is the leader in the production of iron ore and pellets on the Pacific coast, the largest steel producer in
Chile and the main steel solutions provider across the Southern Cone of Latin America. The CAP group today runs a number of different operations across
Chile, hence constituting itself as the only company in
Chile with operations from iron ore mining (CAP Mining), to steel production (CAP Steel) through to integrated steel solutions (Cap Steel Solutions), thereby seeking to meet the needs of its large number of national and international customers.
Certain matters discussed in this press release are forward-looking statements, including that the first phase of the project is expected be completed at the end of 2013, that the project will supply up to fifteen percent of CAP's energy supply, and that the plant is expected to generate 270GWh of clean energy. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include normal commissioning risks attendant to large scale solar projects, delays or interruptions in construction, deployment or activation; the timely availability of required permits and authorizations for projects from governmental entities and third parties; changes in applicable regulatory requirements and incentives for production of solar power; and general business and economic conditions, including seasonality of the industry, and other risks described in MEMC's filings with the United States Securities and Exchange Commission. These forward-looking statements represent MEMC's judgment as of the date of this press release. MEMC disclaims, however, any intent or obligation to update these forward-looking statements.