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energy and relatively  low energy import dependency. Regulatory issues and privatisation progress beat the regional average,  but country risk factors offset some of the industry strength. Over the next several quarters, the country  will continue to compete with Chile, given the two-point gap between the two countries.    BMI is now forecasting Colombian average annual real GDP growth of 4.77% between 2011 and 2015,  with an increase of 4.70% assumed for 2011. The population is expected to expand from 46.3mn to  49.3mn over the period, with GDP per capita and electricity consumption per capita forecast to increase  by 31% and 15% respectively. The country's power consumption is expected to increase from an  estimated 45TWh in 2010 to 57TWh by the end of the forecast period. This results in a small supply  surplus after power industry usage and system losses, but occasional power imports will be required if  electricity generation grows at our forecast rate (2011-2015) of an average 4.4% per annum.    Between 2011 and 2020, we are forecasting an increase in Colombian electricity generation of 38.8%,  which is above average for the Latin America region. This equates to 17.5% in the 2015-2020 period,  down from 18.1% in 2010-2015. PED growth is set to rise from 16.4% in 2011-2015 to 18.2% in 2015-  2020, representing 45.2% for the entire forecast period. An increase of 22% in hydro-power use during  2011-2020 is one key element of generation growth. Thermal power generation is forecast to rise by 58%  between 2011 and 2020. More details of the longer-term BMI p cadillac ower forecasts can be found at the end of  this report. About Business Monitor International

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Business Monitor International (BMI) offers a comprehensive range dodge of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional 531276856  Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI alfa romeo covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

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