Honduras wind-power project held up by wrangling over price
Mesoamérica Energy's plans to install 100 megawatts of wind power in Honduras is being held up by wrangling with the government over the terms of its contract.
Friday, May 23, 2008
"The government is holding out for a kilowatt/hour tariff that represents a marginal cost of 10 percent, but that's not realistic," said Jay Gallegos, executive director of Mesoamérica Energy.
An investment of 140 million dollars by Energía Eólica de Honduras is in danger of being abandoned.
Globeleq announced the wind power plant in Honduras reached financial agreements and will begin construction.
12 turbines have been added at Cerro de Hula wind farm, with an additional investment of $63 million.
A consortium formed by Gamesa and Iberdrola has been awarded the Cerro de Hula wind farm construction project.
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