Peru, Bolivia, Colombia and Ecuador

Renewable energies in the Andean Region

Energy cooperation between Finland and Andean region

• Finnish Ministry of Foreign Affairs will launch a renewable energy and energy efficiency program for the Andean countries (Peru, Bolivia, Colombia and Ecuador)

• The program offers good opportunities for Finnish know-how and technology providers

• Budget of the program is 6,2 million EUR for 3 years• The Andean energy project will be launched in Lima, Peru on 7th of March, 2011

Renewable energies in Latin America

Country

Renewables and Waste Gross Electricity Generation GWh (2007)

Renewables and Waste Gross Heat Generation TJ (2007)

Primary Solid Biomass

Biogas Geothermal Hydro WindPrimary Solid

BiomassBiogas

Liquid Biofuels (1000

tonnes)

GeothermalSolar

Thermal

Chile 3 082 - - 23 130 9 198 108 - -  -Colombia 585 - - 44 445 49 183 060 - 221 -  

Peru 450 - - 19 549 1 107 256 - - - 295Bolivia 173 - - 2319 - 33109 - - - -

Ecuador - - - 9037 - 30466 - - - -Argentina 1 477 - - 30 729 61 106 326 - - -  -

Brazil 17 401 - - 374 015 559 2 654 128 - 13 607 - 5 671Uruguay 134 - - 8 069 - 21 742 - - -

Costa Rica 70 - 1 239 6 770 241 35 036 261 - 44 604 -El Salvador 32 - 1 382 1 739 - 62 517 - - 49 752 -Guatemala 1 373 - - 3 630 - 174 702 - - - -Honduras 168 - - 2 214 - 80 782 - - - -

Mexico 2 622 34 7 404 27 276 262 344 414 653 - 266 544 4 525Panama 20 - - 3 666 - 15 905 - - - -

Source: AEA

Potential used:•Hydroelectricity: 22%•Others: 4.2%

Source: Latin American Energy Organization, OLADE

Regional energy matrix:Hydroelectricity potential in Latin America

Hydroelectricity potential in Latin America

Basic facts - Peru

• GDP: 129 Billion USD • GDP growth: 0,9 % (2009) and 3,4 % (2010)• Population: 30 Million• GDP (PPP) per capita: 8,500 USD• Ease of doing business: 36 (2010) (2nd in Latin America after Mexico)• Inflation: 2,9 %• FDI: 5 Billion USD (2009)• Exports: 34 Billion USD (2008)• Imports: 22 Billion USD (2008)• Main export goods: minerals, petroleum, fish, agricultural products, textile, wood,

furniture• Main export countries: USA, China, Switzerland, Canada, Japan, Germany• Main import countries: USA, China, Brazil• Finnish exports to Peru: 93 Million USD (2008)

Source: Finnish Customs, CEPAL, World Bank, CIA World Factbook

Energy generation in Peru

Energy generation capacity• Peru’s energy generation capacity is 7158 MW, almost half of this is hydro

power• Hydropower 45% (2008)• Thermoelectric 55% (2008)

• almost entirely natural gas, only a small fraction is carbon and gasoline

Renewable energies• Peru recently auctioned 17 hydro power plants • There is an energy integration agreement with Brazil with plans to establish up

to 6 000 MW of hydro power• 172 MW of wind power, 80 MW solar power and 27 MW biomass was auctioned

in 2010• 1000 MW more renewable energy projects to be auctioned• By law, within a couple of years 5 % of the energy has to be renewable. As

Peru’s economy is growing and energy consumption as well, it will need to continue promoting renewable energies and auctioning new projects.

Source: Business News Americas , Ministerio de Energía y Minas de Peru

Portfolio of carbon emission reduction projects

Renewable energy investments in Peru

Source: FONAM, September 2010, Business News Americas

Renewable energy investments

Basic facts - Bolivia

• GDP: 17,6 Billion USD (2009) • GDP growth: 2,8 % (2009) and 3,4 % % (2010)• Population: 9,8 Million• GDP (PPP) per capita: 4,700 USD (2009)• Ease of doing business: 149• Inflation: 3,3%• FDI: 500 Million USD (2008)• Exports: 6,448 Billion USD (2008)• Imports: 4,641 Billion USD (2008)• Main export goods: natural gas, soybeans and soy products, crude petroleum,

zinc ore, tin• Main export countries: Brazil, US, Japan, Colombia, South Korea, Peru• Main import countries: Brazil, Argentina, US, Chile, Peru (2009)• Finnish exports to Bolivia:

Source: Finnish Customs, CEPAL, World Bank, CIA World Factbook

Energy generation in Bolivia

Energy generation capacity• Bolivia’s  energy generation installed capacity is 1400 MW

• Petroleum /gasoline 43,45 % (2007)• Natural gas 37,42% (2007)• Hydropower 4,69% (2007)• Biomass 14,43% (2007)

Renewable energies• Bolivia does not yet have wind or solar energy generation

installed• Bolivia is seeking to do feasibility studies for the installation of

solar and wind power projects • There are several hydro energy projects on the way• A lot of interest in the wind energy projects • Nearly half of the population in Bolivia (3.1 Million people) live in

rural areas, most without access to conventional energy sources

Source: CINER (Centro de Información en energías renovables), Ministry of Mining and Energy

Renewable energy investments in Bolivia

. Source: Business News Americas

Basic facts - Colombia

• GDP: 232.4 Billion USD (2009)• GDP growth: 0.8% (2009)• Population: 45,6 Million• GDP (PPP) per capita: 9,300 USD (2009)• Ease of doing business: 39• Inflation: 4.2% (2009)• FDI: 10 Billion USD (2008)• Exports: 38.54 Billion USD (2008)• Imports: 37.56 Billion USD (2008)• Main export goods: petroleum, coffee, coal, nickel, emeralds, apparel, bananas,

cut flowers• Main export countries: US, Venezuela, Netherlands (2009)• Main import countries: US, China, Mexico, Brazil, France, Germany (2009)• Finnish exports to Colombia:

Source: Finnish Customs, CEPAL, World Bank, CIA World Factbook

• The actual electricity generation capacity in Colombia is 13.455 MW • This is constituted of

• Hydraulic energy: 63.92 %• Thermal (gas): 27.41%• Thermal (carbon): 5.2 %• Small hydropower: 3.08 %• Mini-gas: 0.17 %• Cogeneration: 0.15 %• Wind: 0.07 

• The electric power demand is projected to grow to substantially by 2014. The government is looking for private investors to develop the projected generation needs of an additional 3,000 MW, mainly in hydro facilities.

Renewable energies in Colombia

Source: Acción Social, Ministerio de Minas y Energía de Colombia

Renewable energy investments in Colombia

Source: Business News Americas

Renewable energy investments in Colombia

Source: Business News Americas

Basic facts - Ecuador

• GDP: 110,4 billion USD (2009)• GDP growth: 7.2% (2008)• Population: 14,6 Million• GDP per capita: 7,600 USD (2009)• Ease of doing business: 130• Inflation: 8.4% (2008)• FDI: 1 Billion USD (2008)• Exports: 19.15 Billion USD (2008)• Imports: 17.78 Billion USD (2008)• Main export goods: petroleum, bananas, cut flowers, shrimp, cacao, coffee,

hemp, wood, fish• Main export countries: US, Peru, Chile, Panama, Colombia, Russia (2009)• Main import countries:US, Venezuela, Colombia, China, Brazil (2009)• Finnish exports to Bolivia:

Source: Finnish Customs, CEPAL, World Bank, CIA World Factbook

Renewable energies in Ecuador

• Generation capacity in the country• 4,946.46 MW

• 2,161.13 MW are renewable energies (43.69% of total)• Renewable energies used

• Hydro power 95.20%

• Biomass 4.69%

• Wind power 0.11%

• Solar power only 0.000923%

Source: Business News Americas, CONELEC, La Corporación para la Investigación Energética CIE

Renewable energy investments in Ecuador

. Source: Business News Americas

Finpro at your service

Finpro is ready to partner up with you and make your landing soft and to discover all the business opportunities in the market:

• Market access consulting, market studies and local partnering• In depth site selection for production• Subcontracting and local supplier search (local sourcing)• Establishment services for sales and service offices/subsidiaries• Regional strategy development for Latin America• Analysis of import / export programs• Assistance in negotiations• Reputation analysis of potential partners• Tailor made programs / assignments

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