...Demand Growth Spurs Investments: Announced investments in generation and transmission seem sufficient to cover expected increases in demand and provide an adequate reserve margin through 2019. Energy demand is expected to grow annually at an average rate of approximately 7% over the next decade (2014¡2024). After a 2014 affected by headwinds in the local economy, energy demand growth is expected to gain momentum in the next two years, driven by ongoing mining projects and large investments in infrastructure. Generation Capacity to Continue Expanding: Existing projects will add up to 4.4 GW of additional installed capacity through 2019, a 40% increase since December 2013. Hydro projects with a capacity higher than 90 MW will add approximately 1.9 GW, accounting for 42% of the new capacity. This increase is expected to maintain country's adequate supply and demand balance. A prolonged period of lower than expected demand growth could moderately affect spot prices in the medium to long term....
