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Reemplazar por una foto que ilustre el tema. Sino eliminar

Reemplazar por una foto que ilustre el tema. Sino eliminar. Energy and Clean Energy in Central America Investment Opportunities within the R egion Dr. Nick Rischbieth Executive President. Essential Facts of the Region. 9,033,399 users 12,453 MW installed capacity

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Reemplazar por una foto que ilustre el tema. Sino eliminar

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  1. Reemplazar por una foto que ilustre el tema. Sino eliminar Energy and Clean Energy in Central America Investment Opportunities within the Region Dr. Nick Rischbieth Executive President

  2. Essential Facts of the Region • 9,033,399 users • 12,453 MW installed capacity • 5% increase per year during the past 5 years in installed capacity • 3.0 % energy consumption increase per year during the past 5 years • 5,683,726 inhabitants without electricity (Guatemala, Honduras and Nicaragua accounting for 85 % of the total). • In 2012, 64.6 % of the Energy injected to the National Grids came from Renewable Energy (RE) sources. • In 2012, 540 MW were added within the region, all coming from RE sources. This trend is expected to remain constant in line with market and environmental considerations.

  3. MarketConditions in Central America • New power capacity added to the National Interconnected Grids during the last years, predominantly from RE sources (+90%). • Incentive laws in each and every country to promote RE investment for power generation purposes. • Long term Power Purchase Agreements, 15+ years to ensure financial returns for investors. • Acceptance of distribution companies or energy government agencies of renewable energy during operation (avoiding intermittence issue) • Regional infrastructure that allows energy transactions within the whole region. Just recently the Central American Electrical Integration System (SIEPAC) has been put into operation.

  4. Central American ElectricalIntegrationSystem

  5. Geothermal Potential in the Region According to a 2009 study, geothermal potential for power generation in Central America is estimated to be of 3,900 MW and more than 50 sites have been identified for eventual development Only 16% of thepotentialisbeingexploited Source: LaGeo and CEPAL

  6. Hydropower Potential in the Region Source: CEPAL Only 24% of thepotentialisbeingexploited

  7. Wind Power Potential in the Region Source: Swera and CEPAL Duringthedryseasonwindpowerprovides up to 35% of electricity in Nicaragua Only 0.6% of thepotentialisbeingexploited

  8. Solar Potential in the Region • C.A. as a whole has an average radiation that ranges from 1,440 (4 hours per day) to 2,340 (6.5 hours per day) during peak hours. • Radiation of at least 4 peak hours per day is considered a profitable investment when bearing in mind the electricity costs in the region.

  9. Percentage Distribution of Energy Generation in the Region - 2012 Source: CEPAL

  10. Private Investments within the Power Generation Sector Source: CEPAL

  11. CABEI’sImpact in theEnergy Sector

  12. Dominican Republic Belize Belize Guatemala Guatemala Honduras Honduras Mexico Colombia Nicaragua Nicaragua El Salvador El Salvador Spain Costa Rica Costa Rica Panama Argentina ROC (Taiwan) FoundingMembers Non-FoundingMembers Beneficiary Country General Informationon CABEI • Development Bank founded on December 13, 1960 with the objective of promoting the economic integration and balanced economic and social development of its founding countries. • Currently the Bank has 13 members, as follows: • Five Founding Members: • Costa Rica • El Salvador • Guatemala • Honduras • Nicaragua • Two Non-Founding Regional Members: • Panama(*) • Dominican Republic(*) • Five Non-Regional Members: • Republic of China (Taiwan), Mexico, Argentina(*), Colombia(*) and Spain • One Beneficiary Country: • Belize (*) Thesecountries are alsobenificiarycountries.

  13. CABEI: More than 53 Years of History • In 53 years of history, CABEI has been the main promoter of development in the Central American region: • The Bank has financed more than 2,800 operations in the sectors of road infrastructure, energy, healthcare, education, water and sanitation, MSME, agriculture and rural development, housing, industry and tourism. • CABEI has expanded its field of action to include Belize, Panama, Dominican Republic, Colombia and Argentina as beneficiary countries. • In 2009, CABEI increased its authorized capital from US$2.0 billion to US$5.0 billion in order to attend the region’s increasing need for financing. To that end, it developed a new strategy for the 2010-2014 period.

  14. CABEI Continues to Improve its Credit Rating Factors Supporting the Ratings: • Sustained growth • Diversified fund procurement • Sound asset quality • Continued support from international community • High liquidity • Demonstrated shareholder support • Strong capitalization CABEI ‘s Long-Term Ratings History (2002 – 2013 ) • Conservative financial policies / strict credit policies • Multilateral / preferred creditor status

  15. CABEI’s Focus Areas

  16. Initiatives in the Energy Sector

  17. CABEI’sExperience in theEnergy Sector

  18. CABEI’sExperience in theEnergy Sector Solar Power Hydropower Palomino HP in DominicanRepublic Solar Plants to be built in El Salvador and Honduras Xacbal HP in Guatemala WindPower Geothermal WindFarmAmayo in Nicaragua Pailas GeothermalPlant in Costa Rica WindFarm Cerro de Hula in Honduras

  19. WhatWeOffer

  20. CABEI has approved more than US$2.9 billiondollars in EnergyProjects in 8 Countries Net Approvals per Sector (percentages)

  21. Current and FutureProjects • CABEI expects to approve US$360 MM during 2014 in the Energy sector (25% of theBank´sinvestment portfolio). • Projects to be fundedduring 2014: WindPower, Hydro, Geothermal and Privateinvestments (mainly in Honduras) due to the Deregulation of the Transmission and Distributionlines.

  22. FutureProjects and Trends • Stronger links withNationalGoverments, otherMultilaterals (IADB, WB, CAF) and Bilateral FinancialInstitutions (KFW) will lead to new projects, such as: (a) JointGeothermalDevelopmentFacilities to boostinvestmentwithinthisrenewableenergysource. (b) DistributionGenerated Energy withhelp of solar technology and a considerable increase in solar energyinterconnected to NationalGridscapable of supplyingneighbouringcountriesthroughexistinginfraestructure. (c) New poweradditionsfromWindPowerthroughouttheregion. (d) Introduction of Natural Gas as a cleaner and more efficientsource of Energy, displacing Bunker fuel.

  23. Conclusions • CABEI is committed to financing RE energy projects and maintaining its position as main financial provider of the Central American region. • CABEI will maintain its support to national and regional interventions such as those identified within the Central American Integration System and Mesoamerica Project. • New power generation will come, most likely, from RE investments due to market and environmental considerations. • Every single country in the region has opened the power generation sector to private investors.

  24. Conclusions • Deregulated Energy Markets in Guatemala, El Salvador, Nicaragua and Panama, will allow investments in power generation, distribution and high voltage transmission (only GUA and ES allow private investments in high voltage). • Honduras is currently deregulating its Energy sector with a clear decision to allow investments in Transmission and Distribution (currently only the power generation sector is open to private investments). • The introduction of RE will need investment from distribution/energy related companies in order to cope with the intermittence issue of these technologies. • US$1.5 billion per year will be required to fulfill energy investment needs in the region.

  25. Thank you Central American Bank for Economic Integration

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