Chilean President, Sebastian Piñera announced a new $1.5 billion package of measures to help keep the Chile's ailing middle class afloat as the pandemic continues to ravage the country's economy. The measures include access to zero-interest loans, subsidized rent and the ability to defer mortgage loan payments for up to six months. Piñera’s center-right administration has already announced two sprawling stimulus packages worth nearly 12% of GDP, aimed primarily at protecting small business, the poor and the unemployed.
Despite the fact that in some parts of the world the dairy industry has been hit hard by the effects of COVID-19, the sector in Chile has managed to grow. According to the Federation of Milk Producers (Fedeleche), production has increased by 4.6% in April compared to 2019. According to data from local dairy farmers, the dairy industry in Chile contributes 0.42% of the national GDP and 5.3% of the agricultural GDP.
JinkoSolar Holding Co. Ltd. announced that it will supply 126 MW of solar modules for the expansion of an existing 160 MW solar PV park in Chile. The local contractor recently announced the 126 MW expansion of an existing 160 MW PV park located in the Antofagasta Region. The existing PV plant has been in operation since 2016 and already has 668,160 JinkoSolar panels installed which generate 400 GWh per year. The expansion will add an additional 315,900 JinkoSolar bifacial modules.
UK-headquartered aquaculture genetics, health, and nutrition business Benchmark has launched a new company to supply products and provide technical support to salmon farmers in Chile. Located in in Puerto Varas, Benchmark Animal Health Chile (BAHC) will distribute all Benchmark products in the region, including its sea lice treatment Purisan.
As part of the measures to face the COVID-19 health emergency that affects the country, Codelco announced the suspension of construction of its New Level Mine project in The Lieutenant Division. The transitory demobilization, which affects the Andes Norte, Diamante, Andesita and Recursos Norte projects, had already begun to be implemented since last weekend, encompassing a total of 4,500 fewer people on the job, precisely with the aim of lowering the density of its own staff and to reduce the possibility of contagion.