Why Invest in Cemig
Brazilian National Grid: projections made in 2015 for 2015-19 CEMIG
MW-average
90,000
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
2015
2016
2017
2018
2019
Surplus%
10.5%
8.4%
9.0%
11.6%
12.3%
Surplus
6.854
5.682
6.243
8.452
9.295
Reserve
1.689
1.815
2.211
2.575
2.575
Thermal
15.642
15.626
15.939
16.440
19.028
Wind/BIO
3.560
3.453
4.122
5.133
5.899
Hydro
52.689
54.062
55.898
59.452
59.908
Total of Supply
73.580
74.956
78.170
83.600
87.410
Market
64.979
67.459
69.717
72.573
75.541
Source: PMO (Monthly Operation Program), May 2015.
Analysis
developed.
Cemig, based on forecast GDP growth of 2.5% over 2015-2019 (1st four-month revision, 2015).
Assumes withdrawal of the thermal projects that sold supply in the 'new-build' auctions and were not
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