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Chile Power Report Q3 2011: New research report available at Fast Market Research

New Energy market report from Business Monitor International: "Chile Power Report Q3 2011"

July 22, 2011 - PRLog -- The newly published Chile Power Report from BMI forecasts that by 2015 the country will account for  5.37% of Latin American regional power generation. BMI's Latin America power generation assumption  for 2010 is 1,212 terawatt hours (TWh), an increase of 5.39% over the previous year. We are forecasting  a rise in regional generation to 1,438TWh by 2015, representing an increase of 14.44% during 2011-2015.    Latin American thermal power generation in 2010 is assumed by BMI to have been 449TWh, accounting  for 37.0% of the total electricity supplied in the region. Our forecast for 2015 is 496TWh, implying  8.52% growth during 2011-2015, trimming the market share of thermal generation to 34.5% thanks to  environmental concerns that are promoting renewables, hydro-electricity and nuclear power. In 2010,  Chile's thermal generation was an estimated 31.3TWh, or 6.96% of the regional total. By 2015, the  country is expected to account for 7.48% of thermal generation.  Oil will have been the dominant fuel in 2010, accounting for an estimated 51% of primary energy demand  (PED), followed by hydro at 21%, gas at 11% and coal at 13%. Regional energy demand is forecast to  reach 790mn tonnes of oil equivalent (toe) by 2015, representing 14.53% growth during 2011-2015.  Chile's estimated 2010 market share of 4.60% is set to rise to 4.81% by 2015. There is no existing nuclear  power generating capacity in Chile, but there is growing support for a small-scale project to diversify  further the country's electricity supply. As yet, there are no firm plans to build nuclear installations.  Chile is ranked third behind Brazil and Colombia in BMI's updated power sector Business Environment  Ratings, reflecting its power consumption growth prospects, privatisation progress, competitive landscape  and regulatory framework. Country risk factors are generally supportive and the two-point gap between  the respective scores of Chile and Colombia means that they will continue to battle over second and third  places.    BMI is now forecasting Chilean average annual real GDP growth of 3.88% between 2011 and 2015, with  an increase of 5.40% assumed for 2011. The population is expected to expand from 17.1mn to 17.9mn  over the period, with GDP per capita and electricity consumption per capita forecast to increase by 33%  and 11% respectively. The country's power consumption is expected to increase from an estimated  56TWh in 2010 to 67TWh by the end of the forecast period. This results in a small supply surplus after  power industry usage and system losses, assuming average annual growth (2011-2015) in electricity  generation of 3.8%.  Between 2011 and 2020, we are forecasting an increase in Chilean electricity generation of 38.4%, aboveaverage  for the Latin America region. This equates to 19.9% in the 2015-2020 period, up from 15.4% in  2011-2015. PED growth is set to fall from 20.4% in 2010-2015 to 19.0%, representing 49.0% for the  entire forecast period. An increase of 18% in hydro-power use during 2011-2020 is one key element of  generation growth. Thermal power generation is forecast to rise by 31% between 2011 and 2020. More  details of the longer-term BMI power forecasts can be found later in this report.
About Business Monitor International

Full Report Details at
- http://www.fastmr.com/prod/208437_chile_power_report_q3_2...

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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Source:Fast Market Research
Location:Massachusetts - United States
Industry:Energy, Industrial, Research
Tags:Generation, Thermal, 2011-2015, Electricity, Nuclear, America, Supply, Energy, Chilean, Accounting
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