Honduras to Host Latin American Biomass Project

The country has been confirmed as the site for the pilot project to test the use of biomass for generating electricity in the region.

Thursday, September 23, 2010

The main objective of the US government backed initiative is to reduce the consumption of oil used for generating electricity.

The announcement was made by the US ambassador in Honduras, Hugo Llorens, at a meeting held between representatives of the Institute of the Americas and the renewable energy sector.

"During the event it was announced that the World Bank will soon be supporting renewable energy generation by making $60 million of funds available for projects of up to 10 megawatts," reports LaPrensa.hn.

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Insurance coverage, tax incentives and drilling costs shared between private businesses and governments are some of the proposals put forward for exploiting geothermal potential in Central America.

A global study by the World Bank analyzes the reasons why it has not been possible to take full advantage of geothermal energy in Latin America, highlighting countries such as Costa Rica, Nicaragua, Argentina and Chile, whose potential to generate energy through this renewable source has still not been fully exploited, mainly because of the high risks involved in geothermal projects in their early stages.

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A press release by ProNicaragua reads:

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El Salvador: New Impetus for Renewable Energy

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The modification of the regulatory framework for power generation will make the use of renewable energy more flexible.

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Gildan to Invest More in Honduras

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The company announced an initial investment of $5 million in a pilot renewable energy program, and further investment up to $50 million.

Called “Citizen Video Protection” (“Video Protección Ciudadana”), the project includes installing 342 security cameras in the provinces of San José, Limón, Alajuela and Heredia, to assist in surveillance tasks.

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