$30 million for Honduras energy sector

The World Bank approved the loan to improve the operating and financial performance of the National Energy Company.

Friday, January 23, 2009

Mipunto reports: "The loan has a 20 year repayment term with 10 years grace period."

More on this topic

Honduras: Union Assumes Rescue of State Telecom Company

September 2013

With financial support from the Colombian Union of Energy Workers, ENEE employees could take over the company's distribution network.

The Union of Workers of the National Electricity Company (STENEE) has submitted to the Union of Workers of the National Power Industry (UTEN) of Colombia a technical and financial proposal for the development of a project called "Optimization of the distribution network to assure ENEE revenue".

Serious Crisis for state-owned electricity company of Honduras

May 2012

International lending agencies have warned about the unsustainability of the company’s financial situation, whose losses have been described as "outrageous".

The situation of the national electricity company (ENEE in Spanish) has become almost "intolerable" for international organizations, admitted the manager of ENEE, Emil Hawitt.

Honduras: $13.5 Million for ENEE HQ

April 2010

The National Electric Energy Company (ENEE) will build its new headquarters with a loan from the Central American Bank for Economic Integration (CABEI).

ENEE is preparing the bidding rules for auctioning the building’s design.

Roberto Martínez, head of the institution, told newspaper La Tribuna that they want to have the building ready in two years, and that it will be located close to the offices of the External Relations ministry.

Honduras: Electrical Measurement Tender to Take Five Months

March 2013

Delays continue in the bidding process to replace the company that currently handles the reading, measurement and billing of electricity services.

Laprensa.hn reports that "despite the 'emergency' decreed by the National Electricity Company (ENEE) to find a firm to be responsible for readings, measurement and payment collections for electricity, the tender process will take at least four or five months. "

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AES Changuinola

In late 2005, AES began developing the Changuinola hydro power project and currently the project is in the phase of building the roadways to access that facility. The formal cornerstone laying ceremony took place on October 25, 2007. The project's total completion represents an investment of approximately $563 million and the estimated date for the Changuinola hydro power plant to go into commercial operation is the first quarter of 2011. Through this new facility, AES contributes to the country's development and helps face the growing demand of energy in Panama, which requires an additional 50 MW each year. The construction of the new Changuinola I Hydro Power Plant: * is an asset to Panama * will generate clean and 100% Panamanian energy * will create opportunities for previously excluded populations * will contribute to solve the country's energy situation * will help Panama to continue growing The construction and operation of the hydro power plant will be under the responsibility of AES, a multinational energy corporation with world-class standards and an active presence in Panama.
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