Still No Money for Patuca III Hydroelectric StationDespite the announcement made in november of a $297 million loan from China, the resources have not yet been disbursed and the project for the 105 MW plant in Honduras remains paralyzed.Tuesday, February 17, 2015
The work has been paralyzed since 2013 due to problems with funding and expropriation of the surrounding land. However, during 2014 a loan was negotiated with the Republic of China which was approved in November but funds have not yet been disbursed and the work remains unfinished. Source: latribuna.hn ¿Busca soluciones de inteligencia comercial para su empresa?No Money for Hydroelectric Station Patuca IIIApril 2015 The 105 MW hydroelectric project which the Honduran government promised five years ago has still can not materialized due to lack of funding. Confirmation for Funding for Hydroelectric Patuca IIINovember 2014 The Honduran government has announced that China has approved a $297 million loan, after a year of negotiations, which will be used to finish work which has been on hold since June 2014. Hydroelectric Project Suspended in HondurasJune 2014 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. Honduras Lands $298 million For DamJuly 2013 The Industrial and Commercial Bank of China will provide the funds to carry out the Patuca III hydroelectricity project.
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