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BRAZIL POWER MARKET OUTLOOK TO 2030 –MARKET TRENDS, REGULATIONS AND
COMPETITIVE LANDSCAPE
REFERENCE CODE GDPE0682ICR | PUBLICATION DATE AUGUST 2013
Brazil Power Market Outlook to 2030 –Market Trends, Regulations and Competitive Landscape 2 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.
BRAZIL POWER MARKET OUTLOOK TO 2030 –MARKET TRENDS, REGULATIONS AND
COMPETITIVE LANDSCAPE
Executive Summary
Hydropower Is the Dominant Source of Power in Brazil
Brazil derives most of its power requirement from
hydropower, using its most abundantly available
natural resource from which power can be
generated. In 2012, XX% of Brazil’s total installed
capacity was derived from hydropower. Large
hydropower accounted for XX% of its total installed
capacity, while small hydropower contributed XX%.
Thermal power from gas was the XX-largest
source of power, with an installed capacity share of
XX%, followed by biomass, with a share of XX%.
Thermal power from oil contributed XX% of the
total installed capacity. Other technologies, such
as onshore wind, thermal power from coal, and
nuclear power, contributed the remaining 5% of
total installed capacity in 2012.
Power Market, Brazil, Cumulative Installed Capacity Breakdown by Type of Power Plant (%), 2012
Large hydropower including pumped
storage
Gas (thermal)
Biomass
Oil (thermal)
Small hydropower
Others including wind, coal
(thermal), solar (PV), and nuclear
Source: GlobalData, Power eTrack, Capacity and Generation Database [Accessed on July 12, 2013]
Continued Increase in Electricity Consumption and Generation
Annual electricity consumption in Brazil increased
at a Compound Annual Growth Rate (CAGR) of
XX%, from 2000 to 2012, growing from XX
Terawatt hour (TWh), in 2000, to XX TWh, in 2012.
The increase in electricity consumption was a
result of the growth of the economy and the growth
in population. Annual electricity generation
increased simultaneously, from XX TWh in 2000 to
XX TWh in 2012 at a CAGR of XX%.
Power Market, Brazil, Annual Electricity Consumption and Generation (TWh), 2000–2012
2000 2006 2012
Ann
ual c
onsu
mpt
ion
and
gene
ratio
n
Annual consumption (TWh) Annual power generation (TWh) Source: GlobalData, Power eTrack, Capacity and Generation Database [Accessed on July 12, 2013]
Brazil Power Market Outlook to 2030 –Market Trends, Regulations and Competitive Landscape 4 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.
BRAZIL POWER MARKET OUTLOOK TO 2030 –MARKET TRENDS, REGULATIONS AND
COMPETITIVE LANDSCAPE
Table of Contents
1 Table of Contents
1 Table of Contents ....................................................................................................................... 4
1.1 List of Tables .......................................................................................................................... 7
1.2 List of Figures ......................................................................................................................... 8
2 Introduction ................................................................................................................................. 9
2.1 GlobalData Report Guidance ................................................................................................ 10
3 Brazil, Power Market, Snapshot ................................................................................................ 11
3.1 Brazil, Power Market, Macro-economic Factors .................................................................... 11
3.2 Brazil, Power Market, Supply Security .................................................................................. 14
3.3 Brazil, Power Market, Generation Infrastructure ................................................................... 14
3.4 Brazil, Power Market, Transmission Infrastructure ................................................................ 14
3.5 Brazil, Power Market, Opportunities ..................................................................................... 15
3.6 Brazil, Power Market, Challenges ......................................................................................... 15
4 Brazil, Power Market, Market Analysis ...................................................................................... 16
4.1 Brazil, Power Market, Supply Structure ................................................................................ 16
4.2 Brazil, Power Market, Key Market Players ............................................................................ 17
4.2.1 Financial Performance .................................................................................................... 18
4.2.2 Key Financial Ratios and Inference ................................................................................ 18
4.3 Brazil, Power Market, Financial Deals .................................................................................. 20
4.3.1 Deal Volume and Value Analysis, 2004 to Q1 2013 ........................................................ 20
4.3.2 Deals, Split by Type, 2012 .............................................................................................. 22
4.4 Brazil, Power Market, Demand Structure .............................................................................. 23
4.4.1 Breakup of Consumption by Sector, 2012 ....................................................................... 25
5 Brazil, Power Market, Regulatory Scenario ............................................................................... 26
5.1 Brazil, Power Market, Key Electricity Policies ....................................................................... 26
5.1.1 New Model Electricity Law .............................................................................................. 26
5.1.2 New Electricity Market Regulations ................................................................................. 27
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Table of Contents
5.1.3 Brazil, Power Market, Renewable Energy Development ................................................. 28
5.1.4 National Energy Conservation Program .......................................................................... 29
5.2 Brazil, Power Market, Foreign Investment Scenario ............................................................. 29
6 Brazil, Power Market, Capacity and Generation Overview ........................................................ 30
6.1 Brazil, Power Market, Cumulative Installed Capacity, Breakup by Type of Power Plant, 2012 .. ....................................................................................................................................... 30
6.2 Brazil, Power Market, Cumulative Installed Capacity and Annual Power Generation, 2000–2030 ..................................................................................................................................... 31
6.2.1 Cumulative Installed Thermal Capacity and Annual Thermal Power Generation, 2000–2030 ............................................................................................................................... 34
6.2.2 Cumulative Installed Hydro Capacity and Annual Hydropower Generation, 2000–2030.. 39
6.2.3 Cumulative Installed Nuclear Capacity and Annual Nuclear Power Generation, 2000–2030 ............................................................................................................................... 44
6.2.4 Cumulative Installed Renewable Capacity and Annual Renewable Power Generation, 2000–2030...................................................................................................................... 47
7 Brazil, Power Market, Transmission and Distribution Overview ................................................. 52
7.1 Brazil, Power Market, Transmission Overview ...................................................................... 52
7.2 Brazil, Power Market, Distribution Overview ......................................................................... 54
7.3 Brazil, Power Market, Grid Interconnection ........................................................................... 55
7.3.1 Future Developments in International Interconnections................................................... 55
7.3.2 Electricity Import and Export Trends, 2000–2011............................................................ 56
7.4 Brazil, Power Market, Electricity Trading .............................................................................. 57
8 Brazil, Power Market, Competitive Landscape: Snapshot of Top Power Generating Companies ............................................................................................................................... 58
8.1 Key Company in the Brazil Power Market – Centrais Eletricas Brasileiras S.A. .................... 58
8.1.1 Company Overview ........................................................................................................ 58
8.1.2 Business Description ...................................................................................................... 59
8.1.3 SWOT Overview ............................................................................................................. 63
8.2 Key Company in the Brazil Power Market – Companhia Energetica de Minas Gerais .......... 67
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BRAZIL POWER MARKET OUTLOOK TO 2030 –MARKET TRENDS, REGULATIONS AND
COMPETITIVE LANDSCAPE
Table of Contents
8.2.1 Company Overview ........................................................................................................ 67
8.2.2 Business Description ...................................................................................................... 67
8.2.3 SWOT Overview ............................................................................................................. 68
8.3 Key Company in the Brazil Power Market – Companhia Energetica de Sao Paulo ............... 74
8.3.1 Company Overview ........................................................................................................ 74
8.3.2 Business Description ...................................................................................................... 74
8.3.3 SWOT Analysis .............................................................................................................. 75
9 Appendix................................................................................................................................... 80
9.1 Market Definitions ................................................................................................................. 80
9.1.1 Power ............................................................................................................................. 80
9.1.2 Installed Capacity ........................................................................................................... 80
9.1.3 Active Installed Capacity ................................................................................................. 80
9.1.4 Electricity Generation ...................................................................................................... 80
9.1.5 Electricity Consumption .................................................................................................. 80
9.1.6 Thermal Power Plant ...................................................................................................... 80
9.1.7 Hydropower Plant ........................................................................................................... 80
9.1.8 Nuclear Power ................................................................................................................ 81
9.1.9 Renewable Energy Resources........................................................................................ 81
9.2 Abbreviations........................................................................................................................ 82
9.3 Bibliography.......................................................................................................................... 83
9.4 GlobalData’s Methodology .................................................................................................... 84
9.4.1 Coverage ........................................................................................................................ 84
9.4.2 Primary Research and Analysis ...................................................................................... 84
9.4.3 Secondary Research and Analysis ................................................................................. 85
9.5 Disclaimer ............................................................................................................................ 86
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BRAZIL POWER MARKET OUTLOOK TO 2030 –MARKET TRENDS, REGULATIONS AND
COMPETITIVE LANDSCAPE
Table of Contents
1.1 List of Tables
Table 1: Power Market, Brazil, GDP ($bn), Population (million), and Annual Electricity Consumption (TWh), 2000–2018 ................................................................................................................................. 13
Table 2: Power Market, Brazil, Market Share of Power Generation Companies (%), 2012 ........................ 17
Table 3: Power Market, Brazil, Deal Value ($m) and Deal Volume (Unit), 2004 to Q1 2013 ...................... 21
Table 4: Power Market, Brazil, Deals by Type (%), 2012 .......................................................................... 22
Table 5: Power Market, Brazil, Annual Electricity Consumption (TWh), 2000–2030 .................................. 24
Table 6: Power Market, Brazil, Electricity Consumption by Sector (%), 2012 ............................................ 25
Table 7: Power Market, Brazil, Foreign Direct Investment ($bn), 2008–2012 ............................................ 29
Table 8: Power Market, Brazil, Cumulative Installed Capacity Breakup by Type of Power Plant (%), 2012 31
Table 9: Power Market, Brazil, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000–2030 ................................................................................................................................. 33
Table 10: Power Market, Brazil, Leading Active Thermal Power Plants(MW), 2013 .................................... 35
Table 11: Power Market, Brazil, Leading Upcoming Thermal Power Plants (MW), 2014–2020.................... 36
Table 12: Power Market, Brazil, Cumulative Installed Thermal Capacity (GW) and Annual Thermal Power Generation (TWh), 2000–2030 ................................................................................................... 38
Table 13: Power Market, Brazil, Leading Active Hydropower Plants (MW), 2013 ........................................ 40
Table 14: Power Market, Brazil, Leading Upcoming Hydropower Plants (MW), 2014–2020 ........................ 41
Table 15: Power Market, Brazil, Cumulative Installed Hydropower Capacity (GW) and Annual Hydropower Generation (TWh), 2000–2030 ................................................................................................... 43
Table 16: Power Market, Brazil, Cumulative Installed Nuclear Capacity (GW) and Annual Nuclear Power Generation (TWh), 2000–2030 ................................................................................................... 46
Table 17: Power Market, Brazil, Leading Active Renewable Power Plants (MW), 2012 ............................... 48
Table 18: Power Market, Brazil, Leading Upcoming Renewable Power Plants (MW), 2013–2020 ............... 49
Table 19: Power Market, Brazil, Cumulative Installed Renewable Capacity (GW) and Annual Renewable Power Generation (TWh), 2000–2030 ........................................................................................ 51
Table 20: Power Market, Brazil, Transmission Line Length (Ckm), 2000–2020 ........................................... 53
Table 21: Power Market, Brazil, Distribution Line Length (Ckm), 2000–2020 .............................................. 54
Table 22: Power Market, Brazil, Annual Electricity Imports and Exports (TWh), 2000–2011 ........................ 57
Table 23: Power Market, Brazil, Centrais Eletricas Brasileiras S.A., SWOT Analysis .................................. 63
Table 24: Power Market, Brazil, Companhia Energetica De Minas Gerais, SWOT Analysis ........................ 68
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Table of Contents
Table 25: Power Market, Brazil, Companhia Energetica de Sao Paulo, SWOT Analysis ............................. 75
Table 26: Abbreviations ............................................................................................................................. 82
1.2 List of Figures
Figure 1: Power Market, Brazil, GDP ($bn), Population (million), and Annual Electricity Consumption (TWh), 2000–2018 ................................................................................................................................. 12
Figure 2: Power Market, Brazil, Market Share of Power Generation Companies (%), 2012 ........................ 17
Figure 3: Power Market, Brazil, Deal Value ($m) and Deal Volume (Unit), 2004 to Q1 2013 ...................... 20
Figure 4: Power Market, Brazil, Deals by Type (%), 2012 .......................................................................... 22
Figure 5: Power Market, Brazil, Annual Electricity Consumption (TWh), 2000–2030 .................................. 23
Figure 6: Power Market, Brazil, Electricity Consumption by Sector (%), 2012 ............................................ 25
Figure 7: Power Market, Brazil, Cumulative Installed Capacity Breakup by Type of Power Plant (%), 2012 30
Figure 8: Power Market, Brazil, Cumulative Installed Capacity (GW) and Annual Power Generation (TWh), 2000–2030 ................................................................................................................................. 32
Figure 9: Power Market, Brazil, Cumulative Installed Thermal Capacity (GW) and Annual Thermal Power Generation (TWh), 2000–2030 ................................................................................................... 37
Figure 10: Power Market, Brazil, Cumulative Installed Hydropower Capacity (GW) and Annual Hydropower Generation (TWh), 2000–2030 ................................................................................................... 42
Figure 11: Power Market, Brazil, Cumulative Installed Nuclear Capacity (GW) and Annual Nuclear Power Generation (TWh), 2000–2030 ................................................................................................... 45
Figure 12: Power Market, Brazil, Cumulative Installed Renewable Capacity (GW) and Annual Renewable Power Generation (TWh), 2000–2030 ........................................................................................ 50
Figure 13: Power Market, Brazil, Annual Electricity Imports and Exports (TWh), 2000–2011 ........................ 56
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BRAZIL POWER MARKET OUTLOOK TO 2030 –MARKET TRENDS, REGULATIONS AND
COMPETITIVE LANDSCAPE
Introduction
2 Introduction
Brazil is a developing country, with well-established agricultural, manufacturing and service
sectors. It is the largest and most populous country in South America and one of the fastest
growing nations in the world. Brazil has a democratic republican form of government, with a
presidential system in place. It is a founding member of the United Nations, the G20, the Latin
Union, the Organization of Ibero-American States, the Organization of American States, Mercosur,
and the Union of South American Nations.
The Brazilian economy is fairly liberalized, and Brazil attracts the largest amount of Foreign Direct
Investment (FDI) of the South American countries. The US remains the major investor in Brazil,
and Brazil made its presence felt in the World Trade Organization’s Doha Round of negotiations.
The government is also endeavoring to strengthen existing trade relationships with other
developing nations, as part of Mercosur, a trade bloc of which Argentina, Brazil, Paraguay,
Uruguay and Venezuela are members. In 2008, Mercosur entered into a free trade agreement with
Israel, before entering into another with Egypt, in 2010. Recently, Brazil and China reached an
agreement to trade in their local currencies to an amount equivalent of $30 billion per year (Flak, A.
et al., 2013).
With an estimated Gross Domestic Product (GDP) of $XX billion in 2012, Brazil registered a GDP
growth rate of XX%, in 2012, and XX%, between 2000 and 2012. Brazil’s economy was affected
negatively by the global economic recession in 2008, which resulted in a negative estimated annual
growth rate of XX% for 2009. However, Brazil’s is one of the emerging economies and registered a
comparatively rapid rate of recovery following the recession. A GDP growth rate of XX% was
registered in 2010 (IMF, 2013).
In 2012, the services sector contributed the majority share of GDP, with an estimated XX%,
followed by the industry sector, with XX%, and the agricultural sector, with XX%. Brazil’s exports
were valued at an estimated $XX billion in 2012. Its major export items include aircraft, electrical
equipment, automobiles, ethanol, textiles, footwear, iron ore, steel and coffee. The major export
markets of Brazil are China, the US and Argentina (CIA, 2013).
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BRAZIL POWER MARKET OUTLOOK TO 2030 –MARKET TRENDS, REGULATIONS AND
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Introduction
The growth of its economy and the growth of its population have led to an increase in electricity
consumption in Brazil. Annual electricity consumption grew at a Compound Annual Growth Rate
(CAGR) of XX%, between 2000 and 2012, and is expected to grow at a CAGR of XX%, between
2013 and 2030. Most of the electricity generated in Brazil is from hydropower.
The Ministry of Mines and Energy (MME) is responsible for overseeing the electricity sector in
Brazil. The Agencia Nacional de Energia Eletrica (ANEEL) is a regulatory authority that functions
under the supervision of MME. On August 16, 2004, the Brazilian government created the Empresa
de Pesquisa Energética (EPE), a federal public company responsible for carrying out studies and
research into the strategic energy sector. The unbundling and privatization of the electricity sector
took place in 1993.
2.1 GlobalData Report Guidance
The report comprises an executive summary that captures the key growth trends in the
Brazilian power market.
Chapter three provides a snapshot of the key parameters in Brazil that affect its power sector
and key points about the Brazilian power market.
Chapter four provides a power market analysis for Brazil.
Chapter five details the regulatory scenario of the power market and the inward foreign
investment scenario in Brazil.
Chapter six provides information on Brazil’s cumulative installed capacity and annual
generation trends as a whole and also by individual generation source.
Chapter seven describes the power transmission and distribution infrastructure of Brazil and
includes information on interconnectors with neighboring countries. The section also covers
details on electricity import and export, and upcoming grid-related projects in Brazil.
Chapter eight describes the competitive landscape of Brazil’s power market, with a complete
description and SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the
leading companies.
Note: All 2012 market numbers provided in the report are estimates except where actual data was
available
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Brazil, Power Market, Snapshot
3 Brazil, Power Market, Snapshot
3.1 Brazil, Power Market, Macro-economic Factors
The GDP of Brazil increased from $XX billion, in 2000, to $XX billion, in 2012, at a CAGR of XX%.
From 2013 to 2018, the GDP is expected to increase at a CAGR of XX% to reach $XX billion by
2018. The economy of Brazil suffered a dip in 2009, because of the global economic crisis, and
GDP growth dropped by a negative XX%, compared with 2008. The economy again revived in
2010, growing at XX%. Since then, growth has been slower, with the rate being XX%, in 2011, and
XX%, in 2012.
The population of Brazil increased from XX million to XX million, between 2000 and 2012. The
population is expected to continue to grow, reaching XX million by 2018.
The increasing trends in both GDP and population are expected to drive electricity consumption up,
as it has done in the past. Annual consumption increased from XX TWh, in 2000, to XX TWh, in
2012, at an average yearly rate of XX%. Annual consumption is expected to reach a figure of XX
TWh by 2018.
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BRAZIL POWER MARKET OUTLOOK TO 2030 –MARKET TRENDS, REGULATIONS AND
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Brazil, Power Market, Snapshot
Figure 1: Power Market, Brazil, GDP ($bn), Population (million), and Annual Electricity Consumption (TWh), 2000–2018
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Ann
ual e
lect
ricity
con
sum
ptio
n
GD
P a
nd p
opul
atio
n
GDP (constant prices) ($bn) Population (million) Total consumption (TWh)
Source: GlobalData; IMF, 2013
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BRAZIL POWER MARKET OUTLOOK TO 2030 –MARKET TRENDS, REGULATIONS AND
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Brazil, Power Market, Snapshot
Table 1: Power Market, Brazil, GDP ($bn), Population (million), and Annual Electricity Consumption (TWh), 2000–2018
Year GDP (constant prices) ($bn) Population (million) Total consumption (TWh)
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
Source: GlobalData; IMF, 2013
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BRAZIL POWER MARKET OUTLOOK TO 2030 –MARKET TRENDS, REGULATIONS AND
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Brazil, Power Market, Market Analysis
4.2 Brazil, Power Market, Key Market Players
In 2012, Eletrobras was the largest company in the power generation market of Brazil, with a
market share of XX%. Companhia Energética de São Paulo had a share of XX%, while Companhia
Energetica de Minas Gerais and Tractebel Energia each had shares of XX%. Companhia
Paranaense de Energia had a share of XX%. Other smaller companies together made up the
remaining share of XX.
Figure 2: Power Market, Brazil, Market Share of Power Generation Companies (%), 2012
Eletrobras
Companhia Energética de São Paulo
Companhia Energetica de Minas Gerais
Tractebel Energia
Companhia Paranaense de Energia
Others
Source: GlobalData
Table 2: Power Market, Brazil, Market Share of Power Generation Companies (%), 2012 Company Share (%)
Eletrobras
Companhia Energética de São Paulo
Companhia Energetica de Minas Gerais
Tractebel Energia
Companhia Paranaense de Energia
Others
Source: GlobalData
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BRAZIL POWER MARKET OUTLOOK TO 2030 –MARKET TRENDS, REGULATIONS AND
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Appendix
9 Appendix
9.1 Market Definitions
9.1.1 Power
The rate of production, transfer or energy use. It is usually related to electricity. Measured in watts
and often expressed in kilowatts (kW) or Megawatts (MW). It is also known as "real" or "active"
power.
9.1.2 Installed Capacity
The generator’s nameplate capacity (as stated by the manufacturer) or the maximum rated output
of a generator under given conditions. Installed capacity is given in MW on a nameplate affixed to
the generator.
9.1.3 Active Installed Capacity
The component of electric power that actually performs work. It is given in kW or MW.
9.1.4 Electricity Generation
The production of electric energy, achieved through the transformation of other forms of energy.
This term also refers to the amount of electric energy produced. It is measured in Gigawatt hours
(GWh).
9.1.5 Electricity Consumption
The sum of electricity generated, plus imports, minus exports, minus transmission and distribution
losses. It is measured in GWh.
9.1.6 Thermal Power Plant
A plant in which turbine generators are driven by burning fossil fuels.
9.1.7 Hydropower Plant
A plant in which the turbine generators are driven by falling water.
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Appendix
9.1.8 Nuclear Power
The electricity generated by the use of thermal energy, released from the fission of nuclear fuel in a
reactor.
9.1.9 Renewable Energy Resources
Naturally replenishing energy resources that are limited in the amount of energy that is available
per unit of time. Biomass, geothermal, solar and wind energy are all renewable resources.
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Appendix
9.2 Abbreviations
Table 26: Abbreviations ANEEL Agencia Nacional de Energia Eletrica
BRIX Brazilian Intercontinental Exchange
CAGR Compound Annual Growth Rate
CCEE Electric Energy Commercialization Chamber
CCGT Combined Cycle Gas Turbine
Ckm Circuit kilometer
CN Concrete
Cogen Cogeneration
EPE Empresa de Pesquisa Energética
ER Rock Fill
FDI Foreign Direct Investment
G20 Group of 20
GDP Gross Domestic Product
GW Giga Watt
GWh Gigawatt hour
HVDC High Voltage Direct Current
kV kilovolt
MME Ministry of Mines and Energy
MW Megawatt
ONS Operador Nacional do Sistema
PG Gravity Dam
PV Photovoltaic
SIN National Interconnected System
SOBEET Brazilian Society of Transnational Corporations and Economic Globalization
TE Earth Fill
TWh Terawatt Hour
Source: GlobalData
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Appendix
9.3 Bibliography
Biller, D. and Lima, M.S. (2012). “Brazil Suffers Fifth Power Outage Since Crackdown on
Utilities”, BLOOMBERG L.P., October 26, 2012. Available from:
http://www.bloomberg.com/news/2012-10-26/brazil-suffers-fifth-power-outage-since-
crackdown-on-utilities.html. [Accessed on July 16, 2013].
BP Statistics, 2013. BP Statistical Review of World Energy June 2013 [database]. Available
from: http://www.bp.com/content/dam/bp/excel/Statistical-
Review/statistical_review_of_world_energy_2013_workbook.xlsx. [Accessed on July 11, 2013].
Castano, I. (2011). “Wind Could Become Brazil's Second Power Generation Source in 2015”,
RenewableEnergyWorld.com, November 22, 2011. Available from:
http://www.renewableenergyworld.com/rea/news/article/2011/11/wind-could-become-brazils-
second-power-generation-source-in-2015. [Accessed on July 16, 2013].
CIA (2013). Brazil: The World Factbook. Central Intelligence Agency. Available from:
https://www.cia.gov/library/publications/the-world-factbook/geos/br.html. [Accessed on July 16,
2013].
EIA, 2013a. Total Electricity Imports: Brazil [Database], 2012. Available from:
http://www.eia.gov/cfapps/ipdbproject/XMLinclude_3.cfm?tid=2&pid=2&pdid=&aid=3&cid=BR&t
itleStr=Total%20Electricity%20Imports%20(Billion%20Kilowatthours)&syid=2000&eyid=2012&f
orm=&defaultid=0&typeOfUnit=STDUNIT&unit=BKWH&products=. [Accessed on July 11,
2013].
EIA, 2013b. Total Electricity Exports: Brazil [Database], 2012. Available from:
http://www.eia.gov/cfapps/ipdbproject/XMLinclude_3.cfm?tid=2&pid=2&pdid=&aid=4&cid=BR&t
itleStr=Total%20Electricity%20Exports%20(Billion%20Kilowatthours)&syid=2000&eyid=2012&f
orm=&defaultid=0&typeOfUnit=STDUNIT&unit=BKWH&products=. [Accessed on July 11,
2013].
Flak., A. et al. (2013). “BRICS members China and Brazil agreed on Tuesday to trade in their
own currencies the equivalent of up to $30 billion per year, moving to take almost half of their
trade exchanges out of the U.S. dollar zone.”, Thomson Reuters, March 26, 2013. Available
from: http://in.reuters.com/article/2013/03/26/brics-summit-china-brazil-currencies-
idINDEE92P08O20130326. [Accessed on July 16, 2013].
Brazil Power Market Outlook to 2030 –Market Trends, Regulations and Competitive Landscape 84 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.
BRAZIL POWER MARKET OUTLOOK TO 2030 –MARKET TRENDS, REGULATIONS AND
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Appendix
IMF, 2013. World Economic Outlook Database, April 2013 [database]. Available at:
http://www.imf.org/external/pubs/ft/weo/2013/01/weodata/download.aspx. [Accessed on July
11, 2013].
Ministério de Minas e Energia (2013). Resenha Energetica Brasileira; Exercício de 2012.
Ministério de Minas e Energia, 2013. Available from:
http://www.mme.gov.br/mme/galerias/arquivos/publicacoes/BEN/3_-_Resenha_Energetica/1_-
_Resenha_Energetica.pdf.
OECD (2013). FDI in Figures, April 2013. Organization for Economic Cooperation and
Development. Available from: http://www.oecd.org/daf/inv/FDI%20in%20figures.pdf.
Portal Brasil (2013). Wind power. Portal Brasil, 2010. Available from:
http://www.brasil.gov.br/energia-en/energy-matrix/wind-power/br_infografico?set_language=en.
[Accessed on July 11, 2013].
9.4 GlobalData’s Methodology
GlobalData’s dedicated research and analysis teams consist of experienced professionals with
backgrounds in marketing, market research and consulting in the power industry, and advanced
statistical expertise.
GlobalData adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and
the Strategic and Competitive Intelligence Professionals (www.scip.org).
The following research methodology is followed for all country outlook reports.
9.4.1 Coverage
This report gives detailed information on Brazil’s power market. It examines Brazil’s power market
structure and provides historical and forecast numbers for generation, capacity and consumption
up to 2030. The report provides insights on the market’s regulatory structure, import and export
trends, competitive landscape and leading active and upcoming power projects.
9.4.2 Primary Research and Analysis
Secondary research is further complemented through primary interviews with industry participants
to verify and fine-tune the market numbers obtained through secondary research and get first-hand
information on industry trends.
Brazil Power Market Outlook to 2030 –Market Trends, Regulations and Competitive Landscape 85 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.
BRAZIL POWER MARKET OUTLOOK TO 2030 –MARKET TRENDS, REGULATIONS AND
COMPETITIVE LANDSCAPE
Appendix
The participants are drawn from a diverse set of backgrounds, including equipment manufacturers,
industry associations, government bodies, utilities, distributors, and academia. The participants
include, but are not limited to, C-level executives, industry consultants, academic experts, business
development and sales managers, purchasing managers, plant managers, government officials,
and industry spokespeople.
9.4.3 Secondary Research and Analysis
The capacity, generation and consumption data is collected and validated using a number of
secondary resources including but not limited to:
Government agencies, ministerial websites, industry associations, the World Bank, statistical
databases
Company websites, annual reports, financial reports, broker reports and investor presentations
Industry trade journals, market reports and other literature
GlobalData’s proprietary databases like the Capacity and Generation Database, Power Plant
Database and Transmission and Distribution Database.
Further to this, the following secondary information is collected and analyzed to project Brazil’s
power market scenario through to 2030, analyzing factors such as the following:
Brazil’s macro-economic scenario
Government regulations, policies and targets
Government and private sector investments
Contract and deal announcements
Utility expansion plans
The sector’s historic track record
Other qualitative insights built through secondary research and analysis of company websites,
annual reports, investor presentations, industry and trade journals, and data from industry
associations.
Brazil Power Market Outlook to 2030 –Market Trends, Regulations and Competitive Landscape 86 © GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form.
BRAZIL POWER MARKET OUTLOOK TO 2030 –MARKET TRENDS, REGULATIONS AND
COMPETITIVE LANDSCAPE
Appendix
9.5 Disclaimer
All Rights Reserved.
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any
form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior
permission of the publisher, GlobalData.