Fitch: Colombian Electric Demand Continues to Lag GDP Growth

BOGOTA, Colombia--()--Fitch Ratings expects electric demand in Colombia to continue to lag real gross domestic product (GDP) growth albeit with a shrinking gap over the short to medium term. This is due to low industrial electricity consumption as a percentage of total demand. Over the past decade, while real GDP growth averaged 4.4%, electricity demand grew at 3%. In 2014, GDP growth was 4.7%, which is slightly above the 4.4% growth in electricity demand.

The full report 'Demand Gap To Continue to Narrow' Colombia Electricity Sector is available at 'www.fitchratings.com'.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research: Colombian Electricity Sector (Demand Gap to Continue to Narrow)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=863727

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Contacts

Fitch Ratings
Julio Ugueto
Associate Director
+57-1-326-9999 ext. 1038
Fitch Ratings Colombia
Calle 69A No. 9-85
Bogota, Colombia
or
Jorge Yanes
Director
+57-1-326-9999 ext. 1179
or
Joe Bormann, CFA
Managing Director
Deputy Regional Group Head
+1 312-368-3349
or
Media Relations:
Elizabeth Fogerty, +1 212-908-0526
elizabeth.fogerty@fitchratings.com

Contacts

Fitch Ratings
Julio Ugueto
Associate Director
+57-1-326-9999 ext. 1038
Fitch Ratings Colombia
Calle 69A No. 9-85
Bogota, Colombia
or
Jorge Yanes
Director
+57-1-326-9999 ext. 1179
or
Joe Bormann, CFA
Managing Director
Deputy Regional Group Head
+1 312-368-3349
or
Media Relations:
Elizabeth Fogerty, +1 212-908-0526
elizabeth.fogerty@fitchratings.com