Panama: Enel Fortuna Hydroelectric Doubles Earnings Per Share

The hydroelectric company earned a net income of $0.70 per share in 2008, while it was $0.37 in 2007.

Thursday, April 16, 2009

Last year, the company, which is 49% owned by the Panamanian State, reported profits after taxes of $70 million and a net income of $33 million.

According to an article in prensa.com, revenues in this period were $212 million, an increase of 45% over the $146 million in 2007.

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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. "

$64 Million For Nicaraguan Hydro Power Station

September 2009

'Larreynaga', a 17-MW hydroelectric power plant will be built with financing from Spain.

Funds for the project will be channeled through the Central American Bank for Economic Integration (CABEI).

"The project for the construction of 'Larreynaga' hidroelectric power station, ..., will be repaid in 25 years by the Government of Nicaragua, and will be developed by ENEL, the Nicaraguan Electricity Company", reported Google News.

Earnings of Empresa General de Inversiones Rise by 6%

April 2009

The Panamanian corporation recorded a net profit of $120 million in 2008, an increase of 6% compared to 2007.

Empresa General de Inversiones (EGI), which is traded on the Panamanian Stock Market, owns 100% of Empresa General de Petróleos S.A., 100% of Empresa General de Capital S.A. and 61% of Grupo Financiero BG S.A. (Banco General).

$600 million for hydroelectric plant in Honduras

January 2009

The Odebrecht company will be in charge of constructing the Los Llanitos and the Jicatuyo hydroelectric dams in the Santa Barbara department.

Latribuna.hn reports on its website: "The work to be carried by the foreign company includes the design, construction, operation, maintenance, and transfer of the hydroelectric plants which will have an installed capacity of 271 megawatts, and an annual generation of 1,037 kilowatt-hours.

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