Honduras: Authorization for State Electricity Intervention

Due to the Empresa Nacional de Energía Eléctrica is going through a financial crisis, the Council of Ministers approved the decree authorizing the intervention of the entity.

Wednesday, January 8, 2020

The guarantee to intervene the company was granted by means of Executive Decree PCM-067-2019, which argues that the intervention will be made for reasons of public interest.

Article 1 stipulates that it is decreed "... To intervene the Empresa Nacional de Energía Eléctrica (ENEE), for reasons of public interest and to find itself operating with losses that gradually cause it strong impacts to the detriment of the finances of the Institution and of the State, appointing for this purpose, an Intervention Commission for what is missing from the current period of government, with the powers established in the General Law of Public Administration, which will be in charge, as from its appointment, of the administration of the Empresa Nacional de Energía Eléctrica (ENEE), as the intervened entity, to execute administrative actions aimed at achieving the improvement of its administrative, operational and financial situation."

Article 3 states that "... The mission of the Financial Controller's Committee includes the following actions:

1. To achieve financial stabilization of the Empresa Nacional de Energía Eléctrica (ENEE) by recovering losses that have impaired the proper functioning of the Institution; and,
2. The full implementation of the General Law of the Energy Sector of Honduras
3. To submit to the President of the Republic monthly reports on the evaluation, progress and proposals for reform of the body concerned; and
4. The others established in the General Law of Public Administration and others that by legal regulation additionally correspond to them.
"

See full decree (in Spanish).



More on this topic

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The Honduran Congress recently passed the General Law on the Electricity Industry, and with it ended the monopoly exercised by the Empresa Nacional de Energía Eléctrica (ENEE).

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International lending agencies have warned about the unsustainability of the company’s financial situation, whose losses have been described as "outrageous".

The situation of the national electricity company (ENEE in Spanish) has become almost "intolerable" for international organizations, admitted the manager of ENEE, Emil Hawitt.

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