$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."
With financial support from the Colombian Union of Energy Workers, ENEE employees could take over the company's distribution network.
International lending agencies have warned about the unsustainability of the company’s financial situation, whose losses have been described as "outrageous".
The National Electric Energy Company (ENEE) will build its new headquarters with a loan from the Central American Bank for Economic Integration (CABEI).
Delays continue in the bidding process to replace the company that currently handles the reading, measurement and billing of electricity services.
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