Download Brazilian Power Sector

Brazilian Power Sector
- Current Issues -
Pedro G. Seraphim
[email protected]
Agenda
 Brazilian Power Sector Facts
 Sector’s Greenhouse Gas Emissions
 Brazilian Power Sector Model
 Wind Power Auction
 Belo Monte Project
 Renewal of Concessions
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Brazilian Power Sector Facts
 Brazilian Energy Matrix => 46% renewable
– World average is 12%
 Power Sector Installed Capacity
– Now: about 103 GW (91% hydro)
– Planned for 2030: 130 GW (78% hydro)
 only 2% of all carbon emissions in Brazil
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Power Sector GHGs Emissions per capita
Brazil
1
Argentina
10
EU
40
USA
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100
Power Sector Model (Law No. 10,848)
 Brazilian - Expansion centrally controlled by the
Government
 LDCs: Yearly declarations of power needs for 5 years
 Auctions for projects to meet such needs
 PPA with LDCs (ACR) or “reserve energy”
 Preliminary Environmental License
 Free consumers => 25% of the power market (ACL)
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Exclusive Auction for Wind Power (Nov / 2009)
 Estimated potential: 140 GW (or 300 GW?)
 Reserve energy auction in Nov/2009
 441 registered projects: ~14,000 MW
 Transmission through ICGs (Shared Facilities)
 20-year PPAs
 Will it attract equipment manufacturers?
 Is it really the best alternative at the moment?
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Belo Monte Project

Installed capacity: 11,300 MW

Capacity factor (assured energy): ~ 5,000 MW
– virtually no reservoir

Challenges:
– Valuation (R$16 or R$30 billion?)
– Transmission (distance from load centers)
– Market (ACR / ACL / Self-Producers)
– Environmental licensing…
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Belo Monte Project Location
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Renewal of Concessions
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