DUBLIN–(Business Wire)–
Research and Markets
(http://www.researchandmarkets.com/research/e7dab7/argentina_power_re) has
announced the addition of the “Argentina Power Report Q3 2010” report to their
offering.
Business Monitor International’s Argentina Power Report provides industry
professionals and strategists, corporate analysts, power associations,
government departments and regulatory bodies with independent forecasts and
competitive intelligence on Argentina’s power industry.
The newly published Argentina Power Report from BMI forecasts that by 2014 the
country will account for 10.48% of Latin American regional power generation.
BMIs Latin America power generation assumption for 2009 is 1,109 terawatt hours
(TWh), a decrease of 1.9% from the previous year. We are forecasting growth in
regional generation to 1,302TWh by 2014, a rise of 12.9% in 2010-2014.
Latin American thermal power generation in 2009 is assumed by BMI to have been
409TWh, accounting for 36.9% of the total electricity supplied in the region.
Our forecast for 2014 is 454TWh, implying 9.4% growth during 2010-2014, trimming
the market share of thermal generation to 34.9% thanks to environmental concerns
that are promoting renewables, hydro-electricity and nuclear power. Argentinas
thermal generation in 2009 was an estimated 77.7TWh, or 19.0% of the regional
total. By 2014, the country is expected to account for 18.1% of thermal
generation.
For Argentina, in 2009 gas was the dominant fuel, accounting for an estimated
54.0% of PED, followed by oil at 31.5%, hydro at 11.2%, nuclear at 1.6% and coal
at 0.5%. Regional energy demand is forecast to reach 748mn tonnes of oil
equivalent (toe) by 2014, representing 13.8% growth during 2010-2014. Argentinas
estimated 2009 market share of 11.88% is set to fall to 11.18% by the end of the
forecast period. Argentinas estimated 7.0TWh of nuclear demand in 2009 is
forecast to reach 7.5TWh by 2014, with its share of the regional nuclear market
set to fall from an estimated 23.33% to 23.08%.
Argentina is now ranked fourth behind Colombia in BMIs updated power sector
Business Environment Ratings, scoring two fewer points than third-placed
Colombia in spite of its market size and low energy import dependency. Peru is
four points behind and poses no immediate threat, but Colombia has the potential
to pull further away from Argentina over the next few quarters. The Argentinean
power sector is competitive, with more progress towards privatisation than seen
in most other countries. The regulatory environment has deteriorated in the last
few years, thanks to government intervention in energy pricing, but remains more
attractive than in other parts of the region.
BMI is now forecasting Argentinean average annual real GDP growth of 1.98%
between 2010 and 2014, with an increase of 1.50% assumed in 2010. The population
is expected to expand from 40.3mn to 42.4mn over the period, with GDP per capita
and electricity consumption per capita forecast to increase by 63% and 4%
respectively during the forecast period. The countrys power consumption is
expected to increase from an estimated 118TWh in 2009 to 130TWh by the end of
the forecast period, providing a theoretical surplus easing from an estimated
7TWh in 2009 to 6TWh in 2014, assuming 1.8% average annual growth in electricity
generation during 2010-2014.
Between 2010 and 2019, we are forecasting an increase in Argentinean electricity
generation of 20.6%, which is one of the lowest for the Latin America region.
This equates to 11.6% in the 2014-2019 period, up from 8.0% in 2010-2014. PED
growth is set to ease from 9.3% in 2010-2014 to 8.4% in 2014-2019, representing
18.5% for the entire forecast period. An expected increase of 21% in hydro-power
use during 2010-2019 is one key element of generation growth. Thermal power
generation is forecast to rise by 14% between 2010 and 2019, with nuclear
consumption set to increase by 55%. More details of the longerterm BMI power
forecasts can be found at the end of this report.
felipegonzalezvergara@gmail.com
Tel: 543434713368
Agro Invest - Inversiones en Argentina, Uruguay, Chile, Brazil 
EMERGING MARKETS-Chile, Brazil currencies break key levels
Wed Aug 18
SAO PAULO/SANTIAGO, Aug 18 (Reuters) – Chile’s peso and the Brazilian real broke through key levels on Wednesday, putting pressure on the countries’ central banks to follow through on threats to intervene in the market.
Chile’s currency CLP=CLCLP= broke through the 500 peso-per-dollar level for the first time since January.
The region’s currencies were boosted by strong demand for a German government bond auction, increasing demand for some higher-risk assets.
Concerns over U.S. economic growth, which are expected to keep returns on U.S. Treasuries near record lows, have also prompted investors to pour money into Latin America’s higher-yielding debt, lifting the region’s currencies.
But the sharp rise in Chile’s peso prompted the government to issue another warning to the market Wednesday, saying it is closely monitoring the peso’s appreciation and wants a competitive exchange rate.
After firming to 498.20 per dollar, the peso pared gains but still traded 0.1 percent stronger at 501.60 per dollar.
“The market has already factored in strong growth for the country, and is foreseeing further interest rate hikes, which in turn strengthens the peso,” one trader in Santiago said.
Chile’s GDP expanded 4.3 percent in the second quarter compared with the first quarter, data Wednesday showed, the fastest pace since at least the mid-1990s. For details, see [ID:nN18182427]
Chile’s economy has recovered much faster than expected from the effects of a devastating earthquake in February, boosting the currency to seven-month highs.
The government might decide to slow its repatriation of dollars from copper revenues as a way to curb the currency’s rise, analysts said. [ID:nN17124678]
BRAZIL’S REAL BACKS OFF
Brazil’s real (BRBY) also firmed past the psychologically important level of 1.75 real-per-dollar but struggled to remain there.
The currency toyed with the level throughout the session, and traded 0.28 percent stronger at 1.748 against the U.S. dollar.
“The economy is growing and rates are high, so inflows are inevitable,” said Doug Smith, head of Latin American research at Standard Chartered.
“Brazil has allowed the currency to absorb a great deal of appreciation pressure, unlike the Chinese, and so have a legitimate argument that Brazil has carried much of the global appreciation pressure in the region.”
If the real remains stronger than the 1.75 level for an extended period, analysts expect the central bank to act via verbal warnings, bigger or multiple dollar purchases in the spot market or intervention in the futures market.
But analysts at Brazil’s Prosper brokerage said the currency could strengthen to 1.70 per dollar because of huge inflows, partly due to the upcoming capital-raising plan by state-run oil company Petrobras (PETR4.SA).
“Besides this, we expect additional foreign inflows (excluding investment in Petrobras) via bonds and/or shares of $5-6 billion in the short term.”
Mexico’s peso MXN=MEX01 closely tracked the performance of the U.S. stock market throughout the day, trading flat at 12.5990 in the afternoon session. U.S. stocks were slightly higher in afternoon trade.
The performance of U.S. assets is closely watched by investors in Mexico due to the countries’ strong trade links.
Juan Carlos Lopez, head of trading at brokerage Intercam in Mexico City, said the peso would be stuck between 12.58 and 12.63 per dollar during the session due to the lack of important economic data in Mexico or the United States. (Additional reporting by Jean Luis Arce and Michael O’Boyle in Mexico City and Molly Rasbach in Santiago; editing by Jeffrey Benkoe)
If you want to invest in Argentina, Uruguay, Chile or Brazil contact us at:
felipegonzalezvergara@gmail.com
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Tagged " one trader in Santiago said. Chile's GDP expanded 4.3 percent in the second quarter compared with the first quarter, " said Doug Smith, 2010 2:21pm EDT * Bond flows support region's currencies * Brazil's real firms 0.3 pct, analysts expect the central bank to act via verbal warnings, analysts said. [ID:nN17124678] BRAZIL'S REAL BACKS OFF Brazil's real (BRBY) also firmed past the psychologically important level of 1.75 real-per-dollar but struggled to remain there. The currency toy, and is foreseeing further interest rate hikes, and so have a legitimate argument that Brazil has carried much of the global appreciation pressure in the region." If the real remains stronger than the 1.75 level for an extended period, and traded 0.28 percent stronger at 1.748 against the U.S. dollar. "The economy is growing and rates are high, Aug 18 (Reuters) - Chile's peso and the Brazilian real broke through key levels on Wednesday, bigger or multiple dollar purchases in the spot market or intervention in the futures market. But analysts at Brazil's Prosper brokerage said the currency could strengthen to 1.70 per dollar because o, boosting the currency to seven-month highs. The government might decide to slow its repatriation of dollars from copper revenues as a way to curb the currency's rise, data Wednesday showed, have also prompted investors to pour money into Latin America's higher-yielding debt, head of Latin American research at Standard Chartered. "Brazil has allowed the currency to absorb a great deal of appreciation pressure, head of trading at brokerage Intercam in Mexico City, increasing demand for some higher-risk assets. Concerns over U.S. economic growth, lifting the region's currencies. But the sharp rise in Chile's peso prompted the government to issue another warning to the market Wednesday, Mexican peso flat * Chilean peso pares gains after new government warning (Adds comments, partly due to the upcoming capital-raising plan by state-run oil company Petrobras (PETR4.SA). "Besides this, putting pressure on the countries' central banks to follow through on threats to intervene in the market. Chile's currency CLP=CLCLP= broke through the 500 peso-per-dollar level for the first time sin, said the peso would be stuck between 12.58 and 12.63 per dollar during the session due to the lack of important economic data in Mexico or the United States. (Additional reporting by Jean Luis Arce an, saying it is closely monitoring the peso's appreciation and wants a competitive exchange rate. After firming to 498.20 per dollar, see [ID:nN18182427] Chile's economy has recovered much faster than expected from the effects of a devastating earthquake in February, so inflows are inevitable, the fastest pace since at least the mid-1990s. For details, the peso pared gains but still traded 0.1 percent stronger at 501.60 per dollar. "The market has already factored in strong growth for the country, trading flat at 12.5990 in the afternoon session. U.S. stocks were slightly higher in afternoon trade. The performance of U.S. assets is closely watched by investors in Mexico due to the countries' st, unlike the Chinese, updates prices) By Samantha Pearson and Maria Jose Latorre SAO PAULO/SANTIAGO, we expect additional foreign inflows (excluding investment in Petrobras) via bonds and/or shares of $5-6 billion in the short term." Mexico's peso MXN=MEX01 closely tracked the performance of the U.S., Wed Aug 18, which are expected to keep returns on U.S. Treasuries near record lows, which in turn strengthens the peso