The company, Blue Power & Energy SA, which was to carry out the project on a farm on the southern part of the country, already had the environmental permit.
Mipunto.com published: "After the company made a request for a 'transfer of the administrative decision’ to another property, the Ministry of the Environment and Natural Resources (MARENA) awarded Albanisa’s legal representative, Francisco Lopez, the concession of the project, which provides for the installation of 40 towers capable of generating two megawatts…"
Funding pledged by international banks hit by the global financial crisis must be replaced by other sources of capital.
In other cases, the government has denied the necessary operation permits due to breach of requisites.
Actions by environmentalists, who want to prevent the use of the Santa Fe National Park for a wind farm, claiming "ecological fragility" of the area have also influenced in the delay.
An investment of 140 million dollars by Energía Eólica de Honduras is in danger of being abandoned.
An offer from the government of the Dominican Republic to develop the project there, with an offer of 12.50 American cents per kilowatt hour has reached the ears of the investors, who are still trying to get the Honduras government to sign a contract.
Globeleq announced the wind power plant in Honduras reached financial agreements and will begin construction.
The majority-owned subsidiary of Globeleq, Mesoamerica SA Renewable Energy (Known as Mesoamerica Energy), leader in development of wind projects in Central America, has been developing the 102 MW wind power project through its own local entity Wind Energy Honduras SA (EEHSA).
Albalinisa is a Venezuelan – Nicaraguan joint venture in the frame of the ALBA treaty, with growing food exports to Venezuela.
The creation of Alba Foods Nicaragua (Albalinisa) was funded by a $ 880 000 loan approved by the National Assembly of Venezuela in late 2008. The Nicaraguan press links Albalinisa and its directors to Albanisa, the company which manages the supply of Venezuelan oil to Nicaragua.
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