Energy: stalled projects totaling $ 25 billion
Capital Goods Corporation identified 18 mining and energy projects in pause, totaling U.S. $ 40 billion. Of these, two thirds are power plants that nobody knows if it is finally realized
The portfolio of investment projects in energy, according to the latest survey of the Capital Goods Corporation (CBC), sheds some optimism: between 2013 and 2017 will invest U.S. $ 27 247 million in various initiatives, both generation and transmission.
The problem is that optimism fades to watch another list: the projects that have problems to develop and remain in uncertainty. According to the Mining and Energy Report: Three Years of Change, produced by the CBC, there are 12 country’s power generation projects at some point were part of this land, but they had to get off the list for various reasons, without retake its plans.
These 12 projects total, according to information provided at different times by the companies themselves (the report CBC does not deliver amounts specific to each project) totaling U.S. $ 25,690 million, which is close to U.S. $ 27,247 million in initiatives that do go .
In other words, total projects that are advancing is equivalent to the investment associated with those initiatives that, for now, they will not go. Or even simply, there is the same walk as braking investment.
In total, the CBC surveyed 18 mining or energy projects trapped or affected, either by company decisions send-you, and judicial or other counterclaims, with an associated investment of U.S. $ 39.702 million adding both items.
“In this part of the analysis, we only considered those investment initiatives which possessed implementation schedule defined in the base of the CBC and, therefore, were part of the stock in which the estimate was based,” explained the entity.
The largest project that remain in this condition is Hidroaysén, which costs slightly more than U.S. $ 7,800 million, which considers the transmission line and the five plants included in the initiative. The CBC identifies this project as deferred. “Although the generation project has environmental approval, with strong public opposition. There is a perceived equally or more complex process for the environmental process of the transmission line, “says the corporation in its report.
Green energy?
Even with this investment portfolio paralyzed, the amount associated with those initiatives that do go on track (U.S. $ 27,247 million), could be, apparently, a good figure, considering the cost of development that have power plants in the country, and approaching $ 2 million per MW of installed capacity in the case of conventional energy. The but is that of this total, 62% are non-conventional renewable energy, including wind, solar and others projects, who in the past have shown failure to thrive, largely because of lack of supply contracts with large customers and the lack of access to financing.
According to the CBC, although this could pose that is developing a new matrix greener, this need not be so. “Only 30% of the stock of generation projects using NCRE are under construction or were completed during the first quarter of 2013. Regarding the total investment portfolio NCRE, only 12% are under construction or completed initiatives in the first quarter of this year, “the CBC general manager, Orlando Castillo.
In relation to mining investment, the company explains that until mid-2012 was a strong push, but thereafter, the output product base six mega projects with defined schedule, the curve falls. One of the key points is the energy situation in the region of Atacama, the escalation in costs and environmental problems that have faced some initiatives.
Source: Pulso
