Chile's Mining Boom Charges up its Electricity Market, Finds Frost & Sullivan

Chile's Mining Boom Charges up its Electricity Market, Finds Frost & Sullivan PR Newswire BUENOS AIRES, Argentina, Nov. 13, 2012 - Demand for renewable energy intensifies with rising electricity consumption BUENOS AIRES, Argentina, Nov. 13, 2012 /PRNewswire/ -- Electricity demand in the Interconnected Electrical System of Central Chile is expected to grow at a compound annual growth rate (CAGR) of 4.7 percent and the Interconnected Electrical System of Northern Chile, at 3.4 percent during 2012-2016. This sustained demand, along with the boom in the country's mining industry, has brightened the prospects of stake holders in the Chilean electricity market. New analysis from Frost & Sullivan (http://www.energy.frost.com), Analysis of the Chilean Electricity Market, finds that the market earned revenues of $2.21 billion in 2011 and estimates this to reach $2.70 billion in 2016, mainly driven by sustained growth in electricity demand, the economic boom of the mining industry, and foreign investment. Chile is the largest producer of copper in the world. As the Chilean mining industry benefits from high international copper prices and favorable domestic market conditions, the opportunities for power generation and transmission companies will increase simultaneously, attracting foreign investments.