Honduras Approves 100Mw Wind Energy Project
The government authorized a contract with Energia Eolica, a Honduran company, to provide 100 Mw of capacity.
Friday, June 13, 2008
The decree, on the basis of which the contract was approved, is based on the emergency declaration, applied to deal with a lack of generating capability, and is conditoned on the price and conditions of any sale being equal or superior to those presented in an original offer made last year.
Globeleq announced the wind power plant in Honduras reached financial agreements and will begin construction.
The Honduran Government and Meso-America Energy signed an agreement for the construction of a wind farm that will generate 100 megawatts of energy.
Investment for the 3.9 MW wind farm, to be built in the Bay Islands, is estimated at $6 million.
Funding pledged by international banks hit by the global financial crisis must be replaced by other sources of capital.
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