Sinea pact heralds LatAm energy bloc - report

Tuesday, December 2, 2014

Andean interconnection initiative Sinea could herald a regional power market that spans Mexico, Central and South America, according to the latest BNamericas Intelligence Series electric power report.

The Andean Interconnection Dreams Inch Closer to Reality report says the plan will "open the door to deeper economic integration" in the region.

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Sinea was signed in 2011 by Colombia, Ecuador, Peru, Bolivia and Chile with an aim to create a so-called Andean power corridor and facilitate cross-border energy trade.

The document says one of the few steps taken since the pact has been the development of the Ecuador-Peru interconnection.

"But the longer term outlook is certainly interesting, particularly in light of other integration and interconnection projects occurring in Latin America," the report said.

It cited an integration accord between Colombia and Panama as a key breakthrough towards a potential link between Sinea and Central America's Siepac grid.

The full report can be seen here.