Funding Requested for 38.5 MW Dam in Honduras

The Honduran Renewable Energy Company (Cohersa) submitted a funding request to the IFC for the project, called "La Vegona."

Monday, November 15, 2010

The Hydroelectric Project La Vegona, capable of 38.5 MW, is a project which will use the Comayagua Humuya river for renewable energy production, providing electricity equivalent to more than 46,000 households in Honduras.

This hydro development is the largest plant of its kind since the construction of Central El Cajon in 1985, creating the first significant condition for substituting imported fossil fuels plants.

The Project is located 8 km downstream of the Francisco Morazán hydroelectric project (El Cajon) so it takes advantage of a reservoir of 94 km2 and 5.700 million cubic meters (bcm) possessed by El Cajon.

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Confirmation for Funding for Hydroelectric Patuca III

November 2014

The Honduran government has announced that China has approved a $297 million loan, after a year of negotiations, which will be used to finish work which has been on hold since June 2014.

The loan term is 15 years plus a 5 year grace period, with an interest rate of 4.5% and it is expected that the first disbursement will be made in the next 30-60 days.

New Hydroelectricity Operation Starts in Honduras

April 2014

The Vegona dam will have the capacity to generate 40 MW, equivalent to nearly 3% of the total generation capacity of the country.

In the coming days the dam will start operating, having been constructed in late 2013 and undergone testing and adjustments from January to date.

IFC to Finance Hydropower Station in Honduras

September 2011

The organization will contribute $98 million for the construction of the Hydroelectric Project ‘Vegona’.

The IFC, a member of the World Bank and Oesterreichische Entwicklungsbank AG (OeEB) will provide $98 million to fund the largest hydropower project in Honduras, to be built by Compañía Hondureña de Energía Renovable S.A. (COHERSA).

Nicaragua’s Hydroelectric Potential

June 2010

Nicaragua generates just 98 MW of hydroelectric energy, while having potential for an estimated 3.280MW.

Recently, the Ministry of Energy and Mines (MEM) informed they are studying 18 projects, while 6 are under construction.

Tumarín hydro power plant, located in Matagalpa, could become one of Nicaragua’s largest projects in the past 50 years. It would be capable of outputting 250MW, or one third of the country’s demand.

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AES Panamá

AES Panama is the largest electricity generation company in Panama, in terms of installed capacity as well as delivered energy. AES Panama is a subsidiary of AES Corporation, with headquarters in Arlington, Virgina, United States, and holds the 49% of shares in the operations of this generating company. Since late 2007, AES Panama owns four hydroelectric plants with an installed capacity of 482 Megawatts: Bayano (260 MW), Estí (120 MW), La Estrella (47.2 MW), and Los Valles (54.8 MW). Our main clients are the three energy distribution companies in Panama: Elektra Noreste, S.A., Empresa de Distribución Eléctrica Metro-Oeste, S.A., and Empresa de Distribución Eléctrica Chiriquí, S.A., which represent the 95% of the company’s energy sales. The remaining 5% corresponds to energy sales to Great Costumers, which are businesses with monthly energy consumption greater than 100 kilowatts.
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Phone: (507) 206-2652

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