Honduras: Loan to Renovate Hydroelectric Station

The Inter-American Development Bank has approved a $23 million loan to renovate the Canaveral - Rio Lindo hydro station and its connection to the national grid.

Monday, March 16, 2015

From a statement issued by the Inter-American Development Bank (IDB):

The Inter-American Development Bank (IDB) has approved a loan to Honduras for $23 million for the renovation of infrastructure for generation at the Canaveral - Rio Lindo hydro station; renovation of transmission assets that connect the station to the national grid; and improving operational and commercial efficiency of generation management of the National Electricity Company (ENEE).

In order to recover and retain the ability to generate electricity from renewable sources and contribute to the security of the energy supply in the country, this project to be executed by the ENEE, is expected to generate the following benefits: (i) extension of the complex's lifespan by at least 30 years; (Ii) ensuring the supply of nearly 10% of the electricity demand in the country, at lower cost; (Iii) improvement in generation efficiency and increasing installed capacity by 20.8 MW; (Iv) reducing CO2 emissions; and (v) better business management capacity of electricity generation.

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