Business leader blasts back at huge electricity hikes in Honduras
Honduran business leaders, as well as the population at large, have been alarmed at electricity tariff increases – imposed because of the surge in oil prices – that now total 120 percent.
Wednesday, May 14, 2008
Roberto Arturo Caballero, vice-president of the national small business association, Anmpih, said an additional problem was corruption in the state electricity company, Enee. "Before giving the people and industry a blow like this, Enee should have cleaned itself up first. Now we're all having to pay the price," Caballero said.
International lending agencies have warned about the unsustainability of the company’s financial situation, whose losses have been described as "outrageous".
The Honduran government has reaffirmed its decision that the country's energy matrix must be based on renewable sources, discarding the option of buying electricity generated from fossil fuels.
With financial support from the Colombian Union of Energy Workers, ENEE employees could take over the company's distribution network.
The increase is due to low rainfall and higher oil prices.
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