Uruguay’s price of electricity could be reduced by 15 per cent by 2016, according to predictions from energy market regulator UTE.

This will be achievable if 1200 MW of wind sources come onstream, as well as a combined-cycle plant and a regasification plant in Puntas de Sayago by 2015.

Today, electricity is expensive in the country because of the high dependence on oil, but new alternative projects could bring cheaper prices, El Pais reports.

At present Uruguay only generates 52 MW from wind resources.

However, the estimates are that in mid-2014 that will have grown to 245 MW, and with the addition of another 556 MW will exceed 800 MW by the en d of next year.

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