Hydroelectric Mega Project Cancelled in Honduras
"Power Company Taiwan," which would have initiated work in October, announced the suspension of the investment.
Thursday, May 7, 2009
The Patuca III project consisted of building a hydroelectric dam to generate clean energy for the Olancho municipalities of Catacamas and Patuca.
The Honduran Council of Ministers signed contracts with China's Sinohydro for the construction of the plant.
In the southeast of the country between Olancho and El Paraíso, the construction of the hydroelectric project is beginning.
Work has stopped on the Patuca III hydroelectric project pending funding which is being negotiated with the Chinese government for the continuation of the second stage.
The government of Taiwan delivered the required technical and engineering studies for building the hydroelectric power plant Patuca III.
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