Honduras: $ 75 Million for Housing and Energy

Government will use resources of PDVSA for the construction of social housing and hydro electrical plants.

Thursday, March 17, 2011

The National Electricity Company will receive $ 60 million of available resources to finance the hydro electrical projects Llanitos, Jicatuyo, Patuca and the Aguán.

On funding for housing, the regional vice president of the Honduran Chamber of Construction Industry (Chico), Juan Carlos Sikaffi, said that "these resources would come to battle the financial crisis which exists in the rural sector and that currently has no support from the traditional financial system, mainly because of the risk existing in this type of investment."

More on this topic

The Homes that Honduras Needs

June 2017

The housing deficit in the country is estimated at 1.2 million, with the difficulty faced by developers in obtaining financing having become one of the main obstacles.

Representatives from the association of civil engineers believe that in order to solve the problem of homelessness in the country, 45 thousand units need to be built every year for the next 20 years. Of these 45 thousand, 35 thousand will be to cover part of the existing deficit and the rest to meet the new demand that is emerging.

Honduras: Hydroelectric Projects Unfunded

April 2013

The projects Jicatuyo, Los Llanitos and El Aguán, with a combined potential of 600 MW, have become stalled because the state can not provide its share of funding.

Laprensa.hn reports that "... Jicatuyo and Los Llanitos, in the department of Santa Barbara, were identified 32 years ago. When Congress approved their construction in 2009, it said it would be ready in four years, to date, progress is zero. "

Honduras: Approves Construction of Hydroelectric

January 2011

Congress passed a law permitting construction of hydroelectric plant Patuca I, II and III and Los Llanitos and Jicatuyo.

With the approval by the Special Regulatory Estate Acquisition Law it was declared of public interest and national need the construction and operation of the renewable energy projects mentioned.

Honduras: Hydro Power Plants Move Forward

March 2010

Brazilian businessmen are holding meetings with government authorities in order to speed up the construction of hydro power plants Jicatuyo and Los Llanitos.

The two projects have a combined cost of $800 million, according to studies from ENEE, Honduras’ National Energy Enterprise.

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