Brazil Needs to Invest US$ 88 Billion in Energy Sector to Keep Growing

Brazzil Magazine covers

Hydroelectric plant in Rio Grande do Sul, Brazil The Brazilian Ten-Year Plan (2007/2017) announced this week by the EPE (Energy Research Company), a branch of the Brazilian Ministry of Mines and Energy, foresees the need to build seven new hydroelectric plants in Brazil, assuming a 4.9% yearly growth for the Brazilian economy from now until 20016.

The plan anticipates that hydric energy will be reduced from 84% to 76% in the Brazilian energy matrix. To make up for it the participation of energy originating from thermoelectric sources will raise, during the period, from 16% to 24%.

The viability studies conducted by the EPE have mapped the location of the seven new plants. Five should be built in the Teles Pires river, in Mato Grosso state while the other are planned for the Apiacás river, also in Mato Grosso, and the Tocantins river, in the border between the states of Pará and Maranhão.

The Ten-Year Plan forecasts that Brazil will need to invest, during the period, 167.5 billion Brazilian reais (US$ 87.7 billion) in power generation and transmission, in order to live up to the economic growth.

Out of that total amount, power generation projects should absorb 133.6 billion reais (US$ 69.9 billion), and power transmission projects – including the construction of power lines and sub-stations – 33.9 billion reais (US$ 17.7 billion).

If projects aimed at the oil, natural gas, and biofuels segments are taken into account, the Plan estimates that total investment in the power sector should reach 573.2 billion reais (US$ 300 billion). The survey outlines two possible scenarios regarding the demand for electric power, considering the possibilities of annual economic growth rates at 4.2% and 4.9%.

The forecasts announced by the president at the EPE, Maurí­cio Tolmasquim, indicate that during the next ten years the Brazilian population should increase by 32 million people, reaching 212 million.

During the period, he explained, using more advanced conservation techniques, Brazil should save approximately 15,600 megawatts (MW) of power – the equivalent of the entire forecasted power generation at the Santo Antônio plant, one of the two hydroelectric units to be built on the Madeira River, in the northern Brazilian state of Rondônia.

With regard to power consumption until 2017, the forecasted growth is 5.5%. The country's installed power capacity should leap from the current 92,400 MW of power, to 143,080 MW. These forecasts consider an economic growth scenario of 4.9%.

ABr

Tags:

You May Also Like

Brazzil Magazine covers

Por aí

  Native song Ihu in the Kamayurá Indian language means everything you learn by ...

Brazzil Magazine covers

Forever Tunes

Producer Ricardo Cravo Alvim thinks that marchinhas resist because they were created with the ...

Brazzil Magazine covers

How a Community of Brazilians Displaced by Dams Is Coping

From the capital city of Paraí­ba, João Pessoa, in the Brazilian Northeast, I traveled ...

Brazzil Magazine covers

Guarani Indians Intent on Getting Land in Brazil

Some 500 leaders of the Indian group Guarani-Kaiowá of Brazil and Paraguay are meeting ...

Brazzil Magazine covers

“Elite Squad” Shows Brazil Still Can’t Talk About Its Military Reign of Terror

On October 5, 2007, Brazil’s biggest blockbuster movie was officially released in theaters. In ...

Brazzil Magazine covers

Despite Poor Supermarket Sales Commerce Gets Little Boost in Brazil

Commercial sales in Brazil grew for the second straight month, after having racked up ...