In September, the regulator will start the bidding process to hire a company to undertake repairs and maintenance.
The cost of repairs according to information from the National Electricity Company (ENEE), is about $20 million.
Sub technical manager of ENEE, Leonardo Deras told Latribuna.hn that domestic and foreign experts have agreed on the urgency of initiating repairs and maintenance.
The freezing of the tender for the purchase of 50MW, is due to financial solvency problems facing the state-owned energy supplier.
The international bidding process initiated by the Honduran Government has been beset with problems since it was announced.
The current setback is that the National Electricity Company (ENEE), is facing resource problems, making it unable to pay 34 cents per kilowatt hour to generate the power and then sell it to consumers at 14 cents.
The bidding rules to repair hydroelectric power plant “Francisco Morazán”, also known as “El Cajón”, are ready for publication.
Roberto Martínez Lozano, head of the National Electric Energy Corporation (ENEE), explained that they will invite domestic and foreign companies to participate in the project as soon as possible.
He told newspaper La Tribuna that they have asked the Executive’s to assist them in getting the required $10.6 million for the project, and that negotiations are underway with Japan International Cooperation Agency, the Inter-American Development Bank and the World Bank.