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24 de dezembro de 2009Demand for electricity in Brazil will probably soar next year as factories ramp up output and household income continues to rise, a government agency said on Tuesday.
Power demand is expected to jump 9.4 percent next year, almost twice current government estimates for overall economic growth rates, according to Empresa de Pesquisa Energetica, a Rio de Janeiro-based government-run research agency for the power industry.
Demand likely contracted 1.1 percent this year.
The data underscores growing government optimism that Brazil’s economy is recovering after sliding into recession early this year for the first time in almost two decades.
Consumption of electricity should rise at an average 5.2 percent annual pace between 2010 and 2018, Empresa, known by its acronym of EPE, said in a report.
Demand for power should also pick up in the wake of massive infrastructure projects encompassed in President Luiz Inacio Lula da Silva’s $340 billion investment plan, and works to build the venues for the 2014 soccer World Cup and the 2016 Olympics in Rio de Janeiro, according to EPE.
Confederacao Nacional da Industria (CNI), Brazil’s largest lobby group for industrialists, is predicting a 7 percent expansion in industry in 2010, compared with an expected 4.5 percent contraction this year.
Strong job creation, a blossoming credit market and soaring equity prices will also help bolster consumer spending in Latin America’s largest economy.
