The recently passed amendment to the law defines as a priority the use and import of raw materials for the production of biofuels and provides a new price for electricity generated from forest biomass.
The government has announced that it will revise all contracts awarded and projects that are not being run will be reassigned.
State institutions responsible for granting operating licenses to mining, forestry, clean energy generation and hydrocarbon projects, have a deadline of two weeks to complete the collection of all permits, licenses and concessions granted in the past two governments and present a report to President Juan Orlando Hernandez, who will decide whether or not to revoke the licenses that have not been executed in order to reallocate the revoked contracts to new investors.
The oil company Chevron will make an offer to Honduran authorities regarding hydrocarbon exploration in the Atlantic in that country.
"Let's see what kind of proposal they bring at this opportunity. They have informed us that they have an interest in returning to Honduras to look at proposals on the development of oil projects," said Roberto Cardona, head of Natural Resources and the Environment (Serna) .
The tax rate for domestic and foreign investors in mining has increased from 3% to 6%-7%
"Between six and seven percent was the amount finally passed in Congress, at the time of the approval MPs in the National Congress were determined to raise the tax rate, resulting in companies paying even more now than specified in the original project ," said the chief of the Department of Natural Resources and Environment (Serna), Rigoberto Cuellar.
More than 60 companies were suspended and fined for having agreements for clean energy generation that never began operations.
According to the Minister of Natural Resources and the Environment (Serna), Rigoberto Cuellar, these companies were headed by people without the economic or technical capacity to develop these projects and their intention was to resell them.
President Lobo intends to sell around 280 active mining concessions which are currently unused.
Elheraldo.hn reports: "The Law of Public Debt Restructuring deals with the sale or disposal of idle state assets, including projects in the area of natural resources, mining, energy and telecommunications."
Live at the beach in the exclusive Punta Leona Resort, a dream with shaded white sand beach, pools, restaurants, wild life. New affordable, energy efficient home. The house - possibly the only energy efficient green...