Boston, MA -- (ReleaseWire) -- 07/24/2014 -- The outlook for the Colombian energy sector is broadly positive, with demand for electricity steadily growing, and the government having recently taken several positive steps towards encouraging investment in the sector . Overshadowing this optimism are ongoing concerns about security. The distances between urban, electricity-consuming populations and sources of hydroelectric power are great, and the FARC considers many of these parts of the country to be under their control. Sabotage of power infrastructure projects is, unfortunately, commonplace.
Colombia's mining and energy planning unit released an ambitious 2013-2027 electricity strategy aimed at boosting power sector capacity. The plan, which aligns with government efforts to encourage investment in the energy sector to satisfy an uptick in demand for electricity, is a positive step for the sector and accords with our broadly positive outlook for the Colombian market. The plan comes off the back of the government's decision to sell its stake in electricity provider Isagen. The move, which could raise up to COP5trn (USD2.6bn), should help fund infrastructure investment once August 2014's presidential elections are complete - although critics fear that this money will end up being used elsewhere. The sale is already reported to have attracted interest from numerous international utilities.
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Hydroelectric power continues to contribute to 75% of total consumption in Colombia, despite the inherent problems associated with this source of energy. This overdependence is even more acute in years of low rainfall. The sector faces other setbacks, such as protests at construction sites and a risk of attack in zones that the FARC guerrillas consider to be their own.
During the period 2014-2018, BMI forecasts Colombia's overall power generation will increase by an annual average of 3.6%, reaching 79.0 terawatt hours (TWh). Driving this growth are annual gains of 4.0% in hydroelectric power generation, while...
The Colombia Power Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.
The Colombia Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.
- Use BMI's independent industry forecasts for Colombia to test other views - a key input for successful budgeting and strategic planning in the power market.
- Target business opportunities and risks Colombia's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Colombia
- Assess the activities, strategy and market position of your competitors, partners and clients via our Competitive Landscape analysis.
BMI Industry View
Summary of BMI's key industry forecasts, views and trend analysis, covering power markets, regulatory changes, major investments, projects and company developments.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the power sector, and within the broader political, economic and business environment.
The Regional Overview provides a comparative context from within which one can assess the relative profitability of the power industry in a given country, incorporating BMI's country risk macro forecasts into our regional analysis. They also detail any relevant issues or events that might cause market fluctuations, as well as evaluate the impact of existing power infrastructure and fresh investments on the regional market.
BMI Industry Forecasts
The Industry Forecasts provide historic data series and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual power segment present in the country. These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast. These in turn are broken down into:
Electricity Generation forecasts for Thermal, Coal, Gas, Oil, Nuclear, Hydro and Non-Hydro Renewables. For this section, we provide information on electricity generation (TWh), % growth year-on-year, KWh per capita, and the % of total electricity generation. The thermal fuels (coal, gas and oil) also have figures for their % of total thermal electricity generation.
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