SOURCE: Industrial Info Resources

December 24, 2008 06:00 ET

Latin America Is Being Electrified to the Tune of $100 Billion in Power Generation Projects, a Feature of "Navigating the Currents of Change" on Industrialinfo.com

SUGAR LAND, TX--(Marketwire - December 24, 2008) - Over the past few years, Industrial Info Resources (Sugar Land, Texas) has expanded its research staff to truly become global with offices across the world. Since its inception at the end of 2005, Industrial Info's research office in Cordoba, Argentina, has grown to 22 researchers covering five industries: Power, Petroleum Refining, Oil & Gas, Chemical Processing and Metals & Minerals.

One of the primary objectives of Industrial Info's global expansion has been to increase Power Industry coverage in Latin America. Key to this objective is the identification of generation assets. "We have identified 2,200 operational generating units at 486 plant sites throughout Central and South America, representing about 90% of the generating capacity," said Dolores Frias, Industrial Info's Director of Research - Latin America. "Furthermore, we have detailed information on 383 boilers and 2,200 turbines, as well as 1,600 planned and unplanned unit outages."

Energy demand has grown by 35% over the last 10 years in Latin America. Nuclear energy and renewable energy sources, such as biomass and wind, are becoming more prominent as Latin America looks to diversify its future power generation mix. Britt Burt, Vice President for Industrial Info's Power Group, said, "In terms of project spending we are tracking 255 active projects under development in Latin America totaling more than $100 billion. These projects would add 61,000 megawatts of operational generation." These projects are being driven by several factors including rural electrification, sustainability and attractive foreign investment opportunities.

For more information check out Industrial Info's recently released 2009 Power Industry Global Outlook.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to powergroup@industrialinfo.com or visit us online at www.industrialinfo.com.