It has been estimated that by the end of the year extraction of mineral resources will have generated about $50 million in revenue.
Extraction of minerals for the production of marble, gypsum, limestone, quartz, common clays and other materials could generate about $50 million this year, according to projections made by the Natural Resources and Environment Secretariat.
Honduras has presented in the EIS for the expansion of a power plant based on bagasse with a required investment of $13.7 million.
The environmental impact study has been presented for the expansion of a power plant based on biomass, bagasse, cane stubble and sawdust in the town of San Juan de Flores, Francisco Morazán.
The document was presented the Ministry of Natural Resources and Environment of Honduras by Compañía Azucarera Tres Valles on December 31. The document reports that the project will cost an estimated $13.7 million.
An environmental impact study has been presented for the construction and paving of 24 kilometers of road from the San Francisco de La Paz and Gualaco, Department of Olancho.
The Ministry of Public Works, Transport and Housing has presented the EIS for construction and paving of 24 kilometers of road from the bridge of San Francisco to La Paz Municipality of Gualaco, Department of Olancho.
Shrimp exports to the European Union could be affected by allegations of environmental damage caused by illegal shrimp farming in wetland areas.
The National Aquaculture Association of Honduras (Andah) has expressed concern about the consequences of illegal shrimp farming and the illegal construction of ponds for their production.
"The consequences of illegal shrimp farming could be reflected in free trade with the European Union (EU), one of the first regions to adopt market restrictions on domestic production."
From June 3th to 7th energy companies in Central America and other regions will meet in San Pedro Sula in order to take part in business conferences.
The Ministry of Natural Resources and Environment of Honduras is organizing the V edition of Energy Expo, an event involving companies and national and international exhibitors from the Generation and Renewable Energy Development sector.
The Multilateral Investment Guarantee Agency has provided a guarantee of $82.4 million for a 24 MW expansion in the Cerro de Hula wind farm.
The institution of the World Bank Group which offers insurance against political risks and credit enhancement mechanisms, has provided a guarantee of investment to support the expansion of 24 MW at the Cerro de Hula wind farm, which has an existing capacity of 102 MW.
Of the 80 hydroelectric projects approved four years ago by the Honduran Congress only four are in operation and seven others are just starting to be built.
According to Roberto Cardona, Secretary of Natural Resources, "the recent installation of a working group for renewable energy which integrates potential local and international financial institutions and international cooperation agencies is an option to advance in the construction of hydroelectricity stations" , reports Laprensa.hn.
The contract grants a concession to BG International Limited for exploration and development in more than 35,000 square kilometers in the Caribbean Sea.
On April 11 of this year 2013, the Cabinet approved the contract which has a term of 10 years, having the condition of returning to Honduras 50% of the area exploited from the corresponding studies on a term not exceeding four years.
The Honduran Executive has approved an oil concession in the Caribbean to the British company BG Group.
From a press release issued by the Presidency of Honduras:
The Cabinet on Tuesday approved a contract for exploration and subsequent exploitation of hydrocarbons in the sea area of Mosquitia, on the Caribbean coast of Honduras, awarded to the British company BG Group.
The multinational oil corporation announced an agreement with the Honduran government to evaluate the oil potential of the country.
Latribuna.hn reported that "The head of the Ministry of Natural Resources and Environment (SERNA), Rigoberto Cuellar reported that a document will be signed at the Presidential Palace, between the Honduran government and the British Group company, to run studies on how much oil there is in the country and if it can be commercially exploited. "
Congress has approved a contract for the use of waters by a geothermal plant in Platanares which will produce 35 KW.
The approved contract gives the operator the same time period for exploiting the resource as projects generating electricity from renewable resources and makes them responsible for any damages incurred by their work.
"Article one of the a decree approves 'each and every one of the parties a contract, for the use of domestic water for geothermal power generation, between the Ministry of Natural Resources and Environment via the Platanares Geothermal Project', in the municipality of La Union department of Copán," published Laprensa.hn.
The Terra Group is planning a wind farm in San Marcos de Colón capable of generating 50 MW, with an investment of $150 million.
The Honduran Terra Group is an energy company who with this investment proposal, would make his first foray into the field of wind energy. It already has investments in energy in Honduras, Guatemala, El Salvador and now in Peru.
Faced with questions from several representatives, the president has rescinded the decree which would address the energy crisis in the west of the country.
Several representatives agreed that the decree was too broad and would open the possibility of direct contracting by the state in order to address the energy crisis.
Faced with complaints, the Minister of the Presidency, Maria Guillen said, "The decree will be reviewed and submitted to the Council of Representatives on Tuesday, where they will define the precise processes needed to meet this power supply emergency, making it clear that the decree will not contemplate the purchase of thermal energy. "
The results of seismic surveys by the consultancy firm PGS in the territorial sea of Honduras on the Caribbean, are being bought by oil companies.
PGS completed the acquisition of approximately 6180 kilometers of 2D seismic multiclient data in April 2009. The seismic data together with gravity and magnetic data acquired at the same time, are now available for licensing.
The Ministry of Natural Resources issued a decree that would suspending exploration permits and exploitation of hydrocarbons.
The measure would apply while the new law is passed, which regulates the exploration and exploitation of hydrocarbons.
The initiative by the Secretary of Natural Resources and Environment (SERNA) justified the decision on the far too small tax collected by the State of Honduras, figure which is far below international standards, reported Proceso.hn.