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".
The execution of five energy and infrastructure projects in Southern Mexico and the Northern Triangle of Central America could boost the area's economic growth and slow migration.
The projects discussed now are not new, they have been part of the discussion of the region's businessmen and governments for years, but now they have come back into the discussion, as a possible response to the pressure exerted by the U.S.
In El Salvador industrialists state that capacity to generate energy is not lacking, what is needed is investment to improve capacity of the transmission lines.
In the opinion of the Salvadoran Association of Industrialists, the expansion proposal presented by the Salvadorian Transmission Company (Etesal) is fundamental in order to be able to upload the energy that will be generated from new projects, such as thesolar power plant that is planned for construction in Usulutánor thenatural gas plantthat Energía del Pacífico plans to build in Acajutla.
Two social welfare institutions are considering whether to invest $90 million in gas generation plants to sell electricity to the National Electric Power Company.
In order to cover the increased demand which arises in seasons of highest energy consumption, the National Institute of Retirement and Pensions for Employees and Officials of the Executive Branch (INJUPEMP) and the Honduran Social Security Institute are considering investing in power generation based on gas. The investment would mean allocating about $90 million to the purchase of mobile plants to sell supplies to the National Electric Power Company.
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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