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The station with an installed capacity of 1,500 megawatts, was built by China's Sinohydro.

Xi's speech "gives us an idea of the willingness on the part of China's current leadership to pursue an understanding with economies that are much smaller than China's," he said.

The drill is the fourth of its kind between China and the United States since 2013.

The ambassador also said that mutual investment has also grown. Major projects in energy and mining have been pushed forward steadily while pragmatic cooperation has been extended to fields such as infrastructure and manufacturing. Chinese mobile phones, cars, construction machinery are popular in Peru, and Peru's avocados, grapes, and alpaca products are attracting a growing number of Chinese consumers.

The 15th prime ministers' meeting of the SCO concluded Thursday in Bishkek, capital of Kyrgyzstan with a Joint Declaration that emphasizes the need to promote pragmatic cooperation in such fields as financing, trade, energy and infrastructure.