In the next 35 years more than $11 billion will need to be invested in new projects in order to meet electricity demand, which is projected to grow at an average annual rate of 5%.

Projections by the General Secretariat of Energy also indicate the need to invest in replacing power lines every ten years, with an estimated $3 billion of investment within 35 years. In this regard, “The manager of Empresa de Transmisión Eléctrica, S.A. (Etesa), Ivan Barria said that the next administration will have to replace many transmission lines that are now obsolete. ”

The basis of the plan presented by the Secretary of Energy, “… expects an average annual growth of GDP of 7% until 2050, Urrutia said during his speech at the forum organized by the Union of Industrialists. He added that “… The trend in power generation over the coming years is to use thermal plants that use natural gas and other fuel derivatives, as a reduction is expected in the construction of new hydroelectric plants. ”

Prensa.com reports that “… According to Urrutia, the energy plan is for 35 years but may be revised periodically to suit market needs. “

Source: Prensa.com