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32 SUSTAINABLE ENERGY IN LATIN AMERICA AND THE CARIBBEAN: POTENTIAL FOR THE FUTURE BOX I ELAC’S POWER MARKET – FACTS AND STATISTICS The key findings of the OLADE’s document, “A Review of the Power Sector in Latin America and the Caribbean: Evolution in the Market and Investment Opportunities for CFTs,” issued in March 2005, is summarized below. The complete document can be accessed at www.olade.org. • In 2003, the total installed power generation capacity in LAC neared 253 GW. • Out of the 2003 installed power generation capacity: 52 percent was hydroelectric; 45 per- cent, thermoelectric; 2 percent, nuclear; and only 1 percent was based on geothermal, wind, solar, and biomass energy sources. • Total power generation in the 26 OLADE countries reached 1 021 TWh in 2003, which meant a 42.5 TWh (4.3 percent) increase when compared to 2002. • The power market is growing at an annual rate of 4-5 percent; i.e., approximately 12 GW per year. • Many LAC countries report high levels of transmission and distribution power loss, which average about 19 percent in the region. • In 2003, power consumption in LAC reached 820.7 TWh, which meant a 34.2 TWh (4.3 percent) increase when compared to 2002. • Coal-based power met only 5 percent of Latin America’s primary energy demand in 2003; 65 percent of this was used in Brazil. Latin America’s proven recoverable coal reserves are estimated in 16 billion tons. • About 42 percent of all coal production is exported to the EU and the US. • LAC’s proven natural gas reserves were estimated around 7.5 1012 m3 in 2003; this repre- sents 5 percent of the world’s total. Venezuela owns 54 percent of those proven reserves, followed by Bolivia (10 percent), Argentina (10 percent), Mexico (8 percent), and Trinidad and Tobago (7 percent). •In 2003, LAC’s natural gas production reached 197 109 m3. Production is expected to ex- pand significantly over the next three decades, to reach 516 109 m3 in 2030.PDF Image | SUSTAINABLE ENERGY IN LATIN AMERICA CARIBBEAN
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