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Peru Power Report Q2 2016

Peru Power Report Q2 2016

BMI View: Strong growth in electricity consumption, government tenders for power generation andtransmissions projects, and robust investor interest in the market continue to support our positive outlookfor the Peruvian power sector. We upgraded our forecasts for Peru's renewables as a result of a successfulenergy tender in February 2016, but future opportunities in the market will be limited by strong growth inhydropower and gas-fired power plants. Delays in project tendering and implementation are themain risks to our upbeat growth forecasts for the Peruvian power sector.

Latest Updates And Structural Trends

In February 2016, Osinergmin (the Peruvian public agency responsible for supervising investment inenergy and mining) awarded 20-year power purchase agreements (PPAs) for a total of 1,792.2 gigawatthours (GWh) per year, distributed among 13 renewables projects. Italy's Enel Green Power (EGP)secured contracts for the majority of the energy on offer; EGP obtained PPAs for three renewable energyschemes, involving 126MW of wind power, 180MW of solar photovoltaic power and 20MW ofhydropower.

We have revised up our renewables power capacity and generation forecasts accordingly, but wemaintain that non-hydropower renewable energy will play only a minor role in the Peruvian electricitymix over the coming decade - due to greater growth in hydropower and natural gas-fired powergeneration. Peru's National Energy Plan does not include provisions for growth in non-hydro renewablesbeyond its target of having 5% of total electricity produced by non-hydro resources by 2018, which willbe reached via the auction. As such - barring the launch of a new renewable energy tender in the future -we expect only limited demand for utility-level renewables in Peru, driven mainly by PPAs with themining sector.


BMI Industry View
Table: Headline Power Forecasts (Peru 2015-2021)
SWOT
Industry Forecast
Peru Snapshot
Table: Country Snapshot: Economic and Demographic Data (Peru 2015-2020)
Table: Country Snapshot: Economic and Demographic Data (Peru 2020-2025)
Table: Country Snapshot: Power Sector
Peru Power Forecast Scenario
Thermal Generation And Capacity Forecast
Table: Peru Key Thermal Power Pipeline
Hydropower Generation And Capacity Forecast
Renewables Generation And Capacity Forecast
Table: Peru's Third Renewables Energy Auction - Results
Electricity Generation And Power Generating Capacity
Table: Total Electricity Generation Data And Forecasts (Peru 2014-2019)
Table: Total Electricity Generation Data And Forecasts (Peru 2020-2025)
Table: Electricity Generating Capacity Data And Forecasts (Peru 2014-2019)
Table: Electricity Generating Capacity Data And Forecasts (Peru 2020-2025)
Electricity Consumption
Table: Total Electricity Consumption Data And Forecasts (Peru 2014-2019)
Table: Total Electricity Consumption Data And Forecasts (Peru 2020-2025)
Transmission & Distribution, Imports & Exports
Table: Power Transmission Projects To Be Tendered By Proinversión
Table: Electric Power T&D Losses Data And Forecasts (Peru 2014-2019)
Table: Electric Power T&D Losses Data And Forecasts (Peru 2020-2025)
Table: Trade Data And Forecasts (Peru 2014-2019)
Table: Trade Data And Forecasts (Peru 2020-2025)
Industry Risk/Reward Index
Table: Macri's Planned Power Policy Reforms
Table: Latin America Power Risk/Reward Index (Scores Out Of 100
Peru Power Risk/Reward Index
Rewards
Risks
Market Overview
Key Policies And Market Structure
Regulation And Competition
Peru Power Projects Database
Competitive Landscape
Electroperu
Endesa/Edegel
Duke/Egenor
Engie/Enersur
EGE San Gaban
Perenesa
Regional Overview
Latin America Power: Key Themes For 2016
Glossary
Table: Glossary Of Terms
Methodology
Methodology And Sources
Industry Forecast Methodology
Sources
Risk/Reward Index Methodology
Table: Power Risk/Reward Index Indicators
Table: Weighting Of Indicators

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