Power – In-depth – [NEUTRAL] – 2025 Outlook: Opportune moment

In 2025, nationwide electricity consumption is expected to maintain an 11% yoy growth, with hydropower and gas-fired power being the highlights of the sector. This is attributed to the anticipated recovery from the return of the La-Niña phase and an increase in the alpha coefficient in the contracted output of thermal power plants to 80% in 2025