Honduras: Construction Starts on Patuca III

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

Monday, May 16, 2011

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.

According to an article in Laprensa.hn "The total construction cost will range between $263 and $300 million, which will be provided by the State of Honduras and investments by the Chinese Sinohydro company through the Exim Bank of China."



More on this topic

Loan Signing for Patuca III

September 2013

On September 24, a Honduran delegation will travel to China to finalize the signing of the $295 million loan that will enable the realization of the hydroelectric project.

"The loan, including all expenses, will have an interest rate of 5.44% over 15 years with a three year grace period. The conditions are very attractive," said Emil Hawitt, general manager of Empresa Nacional de Energía Eléctrica (ENEE).

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.

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

April 2011

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

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.

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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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