SOURCE: Industrial Info Resources

Industrial Info Resources

November 09, 2011 06:15 ET

New Power Show Highlights Latin America's Need for More Electricity, a "Navigating the Currents of Change" Webcast on

SUGAR LAND, TX--(Marketwire - Nov 9, 2011) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- A massive blackout that plunged the majority of Chile's population into darkness seven weeks ago illustrates the fragile state of the Chilean electric system. And the need for increased investment in Latin America's Power sector extends well beyond Chile, as strong demand from the Metals & Minerals Industry and the rise of consumer economies have stretched the operational capacities of generators and transmission systems across the region.

"There are several factors driving increased need for investment in Chile's and Latin America's electric systems," Tom Kallman, president and chief executive of Kallman Worldwide, said in an exclusive "Navigating the Currents of Change" interview. "The first factor is mining, particularly copper mining in Chile. Copper there is king, and the country's copper mines are expanding. It takes an enormous amount of energy to extract and process the copper and get it over to copper-hungry economies in China and other Asian markets. Demand for copper has skyrocketed, which has driven increased demand for electricity."

Industrial Info is tracking 87 active and planned mining projects in Chile with total investment value (TIV) of $87 billion. Beyond Chile, Industrial Info is tracking 122 active and planned mining projects in Peru, with TIV exceeding $60 billion. And Brazil has 118 active or planned mining projects with TIV of $73 billion.

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