Honduras: $ 75 Million for Housing and Energy

Government will use resources of PDVSA for the construction of social housing and hydro electrical plants.

Thursday, March 17, 2011

The National Electricity Company will receive $ 60 million of available resources to finance the hydro electrical projects Llanitos, Jicatuyo, Patuca and the Aguán.

On funding for housing, the regional vice president of the Honduran Chamber of Construction Industry (Chico), Juan Carlos Sikaffi, said that "these resources would come to battle the financial crisis which exists in the rural sector and that currently has no support from the traditional financial system, mainly because of the risk existing in this type of investment."

More on this topic

Honduras: Approves Construction of Hydroelectric

January 2011

Congress passed a law permitting construction of hydroelectric plant Patuca I, II and III and Los Llanitos and Jicatuyo.

With the approval by the Special Regulatory Estate Acquisition Law it was declared of public interest and national need the construction and operation of the renewable energy projects mentioned.

Honduras: Hydroelectric Projects Unfunded

April 2013

The projects Jicatuyo, Los Llanitos and El Aguán, with a combined potential of 600 MW, have become stalled because the state can not provide its share of funding.

Laprensa.hn reports that "... Jicatuyo and Los Llanitos, in the department of Santa Barbara, were identified 32 years ago. When Congress approved their construction in 2009, it said it would be ready in four years, to date, progress is zero. "

Honduras: Hydro Power Plants Move Forward

March 2010

Brazilian businessmen are holding meetings with government authorities in order to speed up the construction of hydro power plants Jicatuyo and Los Llanitos.

The two projects have a combined cost of $800 million, according to studies from ENEE, Honduras’ National Energy Enterprise.

Panama: $ 300 Million to Reduce Housing Deficit

November 2010

The Government announced the creation of a $ 300 million fund to encourage construction of popular housing.

The creation of this fund is complementary to the Housing Solidarity Fund which currently gives a $ 5.000 bonus to low-income families to buy a home.

"The fund will be administered by the National Bank, the Ministry of Housing and Land Development and the Ministry of Economy and Finance and the resources are earmarked for the purchase of social housing in order to have them in stock and expedite their delivery," said Press.com.

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