Pensions Operator Offers $200 million For Energy

INJUPEMP of Honduras plans to invest in building the Patuca III Hydroelectric Project.

Wednesday, November 13, 2013

This was announced in a statement put out by the institution. Patuca III is being constructed in the department of Olancho and will generate 104 MW of energy.

Andres Torres, executive director of INJUPEMP, is currently holding talks with officials from the National Electricity Company (ENEE) with whom he will define the issues of investment in energy projects.

Laprensa.hn reports: "... the investment that the INJUPEMP wishes to make in energy projects is oriented towareds having in Honduras an improvement in the performance of electrical devices and the use of clean energy sources, moving away from combustion processes such as thermal ones".

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The proposal is to use national domestic savings to finance long-term profitable infrastructure projects such as hydroelectric stations.

Laprensa.hn reports that "energy projects, such as hydroelectric plants, have become an alternative to generate returns on the savings managed by pension institutes, according to a recent study by the National Banking and Insurance Comission (CNBS)."

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