China To Invest $50 Million in Hydro Power Plant Patuca III

The first phase of the Hydro Power Plant is picking up steam after the signing of an agreement between Honduras and China.

Monday, April 18, 2011

After three months of negotiations, the governments of both countries agreed the construction of the first phase of the hydro plant, located 220km east of the capital city Tegucigalpa.

Roberto Martínez, head of Enee, the state power company, explained that "the agreement was signed in front of representatives of Chinese companies Shino-Hidro, Chang Ching-teng ... and that the official ceremony will be conducted on May 16".

The initial investment will be used to build a tunnel to deviate the Patuca River, to install staff facilities and to improve roads in the area.



More on this topic

Honduras: Construction Starts on Patuca III

May 2011

In the southeast of the country between Olancho and El Paraíso, the construction of the hydroelectric project is beginning.

By October 2013 the main works should be completed and commercial operation is expected to start in 2014.

The new hydroelectric plant will generate 104 megawatts, produced by two Kaplan turbines of 52 megawatts each.

Construction of Patuca III is Official

May 2011

The Honduran Council of Ministers signed contracts with China's Sinohydro for the construction of the plant.

Carlos Dias, project manager, told the media after the signing of the agreement, that they hope to be conducting the first tests in November 2013.

The president of the National Electric Power Company, ENEE, Roberto Martínez Lozano, mentioned to Laprensa.hn that "...

Honduras Approves Loan for Hydroelectric Patuca III

May 2011

The funding of $300 million for the construction of the Patuca III hydroelectric project has been approved by the bank Eximbank.

Financial Secretary, William Chong Wong said that negotiations of both the technical and political details with China have reached the final phase, which has led to the approval of funding by the bank.

Taiwan Completes Studies for Patuca III Hydro Power Plant in Honduras

May 2010

The government of Taiwan delivered the required technical and engineering studies for building the hydroelectric power plant Patuca III.

Roberto Martín, Lozano, head of the National Energy Corporation (ENEE), explained that they are devising the project’s financial model: “for this the Government has some resources, we could maybe enter a public-private alliance”, he said.

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