The National Electricity Company will have to convene a new tender to replace the four contracts for 520 MW of thermal energy maturing between 2017 and 2018.
In 2017 a contract for 80 MW with Elcosa and another for 240 MW with Lufussa will come to an end, while in 2018 a contract for 200 MW with Enersa will be finalised.The National Electricity Company will convene a new contest in which power generating companies based on natural gas, have expressed interest in participating.
The Pavana Solar photovoltaic park will be one of the first to start trading, supplying 25 MW to the national grid starting March 2015.
In March the Congress of Honduras approved a contract which enables the company Energía Básica del Grupo Lufussa, to connect its 25 MW photovoltaic plant, located in the south of the country, to the network of the National Electricity Company (Empresa Nacional de Energía Eléctrica or ENEE).
The Government has managed to get Elcosa to sign a contract under the same terms agreed with Lufussa, the other main thermal generator.
The agreement with Executives from Electricidad de Cortés, S.A. (Elcosa) means that this company will continue to provide a total of 80 megawatts at a lower price than originally required by the thermal generator.
An agreement has been made with one of the companies supplying 33 MW at a cost of $0.25 per KW, which signifies savings of $41 million over four years.
The Government has agreed to renew a contract for two years with the company Luz y Fuerza de San Lorenzo SA (Lufussa). An agreement was made to purchase 33 MW of power at a cost of 25.46 cents per kilowatt, which saves about $41 million over a period of 4 years.
As of March 3rd the energy supply will come from companies in Guatemala.
Honduran authorities have denied the announcement made by Grupo Luz y Fuerza de San Lorenzo (Lufussa) regarding an alleged agreement between the two companies. The Government is continuing with its objective of obtaining competitive prices for the supply of energy, and although it has not broken the negotiation, the offer submitted by Lufussa has not been accepted.
The government decided to conduct a public contest instead of renewing two existing energy generation contracts.
Carlos Kattán, energy commissioner for the president, remarked that a new bidding process will allow the state to get better prices.
The expiring contracts belong to “Energía Renovable, S.A.”, that sells 40 MW, and to “Electricidad de Cortés, S.A.”, which supplies 80 MW. The contracts expire on June and December 2010, respectively.