We have adjusted our power sector forecasts downwards slightly this quarter, owing to updated recent historical data,which indicates lower electricity demand than expected. This data is also likely to reduce the government’s impetus to progress withsome of the larger, more expensive projects currently in the early stages of development. Our renewables sector forecasts have notescaped this move to a more conservative outlook. We now anticipate non-hydropower generation to rise from 3.24TWh in 2018 to4.95TWh in 2019 and 17.4TWh in 2028. Previously, we had projected that generation would reach 18.3TWh in 2027. Thedominance of wind power within the renewables sector will wane somewhat, from 86.2% of non hydro renewables generation in2019 to 64.9% in 2028, as the solar sector gains traction.
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