Brazil Power Report

Published 14 August 2015

  • 91 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
$1,295.00
Brazil Power Report

BMI View: Brazil's power sector will offer business opp ortunities for power companies and EPC contractors , despite the macroeconomic contraction , owing to the government's use of auctions to secure future power suppl ies and expand transmission infrastructure, coupled with increasing investment into distribution. The market ' s growth pace, however, will suffer from the increasing cost of financing for project developers, rising import costs and the effects of a n o n g oing investigation on allegations of corrupt contracting practices at Petrobras and Eletrobras.

BMI's Country Risk team expects Brazil's economy to shrink 1.7% in 2015, but the Brazilian power sector will continue to show numerous strengths. These include the market's vast size; its growing long-term energy needs, coupled with remarkable conventional and renewable energy resources; and the government's use of auctions to award power purchase agreements (PPAs) to project developers. Accordingly, investor interest in the country remains strong across all power sources - as illustrated by the significant investment planned by international companies in the market and the large number of projects registered for upcoming power auctions.

That said, we maintain that over the coming quarters multiple headwinds will challenge the timely development of power projects in Brazil and increase the operational risk for local and foreign market players. In particular, rising interest rates and continued weakness of the real will increase the cost of financing and imported equipment. Meanwhile, the corruption investigation affecting Petrobras and many Brazilian construction companies - coupled with the extension of the probe to state-owned integrated utility Eletrobras - will negatively impact Brazil's power sector.

Key Trends And Developments

  • The Brazilian power sector is increasingly exposed to the consequences of the corruption scandal in which Brazil's national oil company (NOC)...

BMI Industry View
7
SWOT
9
Industry Forecast
13
Brazil Snapshot
13
Table: Country Snapshot: Economic and Demographic Data (Brazil 2014-2019)
13
Table: Country Snapshot: Economic and Demographic Data (Brazil 2019-2024)
13
Table: Country Snapshot: Power Sector
13
Brazil Power Forecast Scenario
14
Electricity Generation And Power Generating Capacity
14
Table: Total Electricity Generation Data And Forecasts (Brazil 2013-2018)
14
Table: Total Electricity Generation Data And Forecasts (Brazil 2019-2024)
15
Table: Electricity Generating Capacity Data And Forecasts (Brazil 2013-2018)
17
Table: Electricity Generating Capacity Data And Forecasts (Brazil 2019-2024)
17
Electricity Consumption
27
Table: Total Electricity Consumption Data And Forecasts (Brazil 2013-2018)
27
Table: Total Electricity Consumption Data And Forecasts (Brazil 2019-2024)
27
Transmission & Distribution, Imports & Exports
29
Table: Electric Power T&D Losses Data And Forecasts (Brazil 2013-2018)
29
Table: Electric Power T&D Losses Data And Forecasts (Brazil 2019-2024)
29
Table: Trade Data And Forecasts (Brazil 2013-2018)
29
Table: Trade Data And Forecasts (Brazil 2019-2024)
29
Industry Risk/Reward Index
34
Latin America Power Risk/Reward Index
34
Table: Latin America Power Risk/Reward Index (Scores Out Of 100)
40
Brazil Power Risk/Reward Index
41
Rewards
41
Risks
41
Market Overview
43
Key Policies And Market Structure
43
Regulation And Competition
43
Sustainable Energy Policies
45
Pricing
46
Brazil Power Projects Database
49
Table: Brazil Power Projects Database
49
Competitive Landscape
70
Operador Nacional do Sistema El-trico (ONS)
70
Eletrobras
72
Tractebel Energia
73
Company Profile
74
Eletrobr-s
74
Regional Overview
78
Latin America Regional Overview
78
Glossary
84
Table: Glossary Of Terms
84
Methodology
85
Industry Forecast Methodology
85
Sources
88
Risk/Reward Index Methodology
88
Table: Power Risk/Reward Index Indicators
89
Table: Weighting Of Indicators
90

The Brazil Power Report features BMI Research'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 Brazil 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.

Key Benefits

  • Use BMI's independent industry forecasts for Brazil to test other views - a key input for successful budgeting and strategic planning in the power market.
  • Target business opportunities and risks Brazil's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Brazil.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Competitive Landscape analysis.

Coverage

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.

BMI’s Power Forecast Scenario

Forecasts to end-2024 for all key indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:

  • Generation: Electricity generation total, thermal, coal, natural gas, oil, nuclear, hydropower, hydro-electric pumped storage and non-hydropower renewables.
  • Transmission and Distribution Losses: Electric power transmission and distribution losses.
  • Trade: Total imports and exports.
  • Electricity Consumption: Net consumption.
  • Electricity Capacity: Capacity net, conventional thermal, nuclear, hydropower and non-hydroelectric renewables.

BMI’s Power Risk Reward Index

BMI’s Risk Reward Indices provide investors (power companies, service companies and equity investors) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors,

Market Overview

Structure, size and value of the industry sector; overview of the industry landscape and key players; an assessment of the business operating environment, sustainable energy policies, pricing and the latest regulatory developments.

Key Projects Database

Details and analysis of all current and planned developments (new ventures, capacity expansion and other investments) across the sector broken down by location, sector type, capacity, value, companies and operational status.

Competitive Landscape

Illustration of the power industry that exploits our data-rich, in-depth analysis of the leading players in the sector and examination of operational results, strategic goals, market position and the potential for investment.

Power Outlook long-Term Forecasts

Regional long-term power forecasts covering electricity generation, consumption and capacity for thermal, hydroelectric and nuclear power. These are supported by a country specific  overview, alongside an analysis of key downside risks to the main forecasts.

Regional Overview

Providing BMI’s near-term economic outlook for the region as a whole, as well as taking a close look at countries of particular interest and the latest trends and developments.

Sources

The Power Market Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports, including Energy Information Administration (EIA), World Bank (WB) and United Nations (UN).

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