Honduras National Congress gave the José Cecilio del Valle hydro power plant in concession to a consortium called Enasa (Eléctrica de Nacaome).
This consortium is composed by Italian companies Industrial Agency and B&P Altolumie, plus honduran corporations Hidrocontrol SA and "Desarrollo, Construcciones y Equipos SA" (Decoesa).
Laprensa.hn reports: "according to the contract, the consortium will make urgent repairs for $10 million, in addition to a yearly payment of $53.000, plus other marginal benefits".
Astaldi Group is one of the most important construction companies in the world as well as a leader general contracting and project finance initiatives in Italy.
Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
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Preliminary analysis is underway for the installation of a fifth turbine at El Cajón Hydroelectric Power Station.
"Installation of the turbine could cost $60 million, but only after the study we will know how long it could take...", said Manuel Palma, director of the power plant.
Newspaper La Prensa de Honduras published more comments by Palma: "Some research has been made, proving the financial feasibility of the project.
Some 50 renewable energy projects can only be profitable is the kilowatt hour is paid $0.105 or more.
A number of projects presented by the Honduran Association of Small Renewable Energy Producers (Ahpper, Spanish acronym) to the National Electric Energy Company (ENEE, Spanish acronym) and to the Secretary of Natural Resources, could be operating in 18 to 24 months, outputting 150 megawatts.
There are new conversations between the Honduran Association of Small Producers of Renewable Energy and the National Electricity Company.
The interest shown by the new administration of the National Company of Electric Energy (ENEE, Spanish acronym) in renewable energy production, could reignite 25 to 30 projects, that once the required paperwork is done, could be operating in 18 to 24 months, outputting 150 megawatts.
The country has an energy production capacity of 1,294 MW, of which it consumes a maximum of 1,115 at peak hours.
This was stated in a report by the National Electricity Company (ENEE), which also indicated that excess production is exported to the Regional Energy Market (MER), which takes place in low demand hours, between 9 pm and 10 am.
The report also detailed that of the 1294 MW generated, 747.5 MW (58%) come from thermal plants, 446 MW (34%) come from water sources and the remaining 101 MW (8%) are produced by mills, factories and thermal plants belonging to the ENEE.
"Power Company Taiwan," which would have initiated work in October, announced the suspension of the investment.
The Patuca III project consisted of building a hydroelectric dam to generate clean energy for the Olancho municipalities of Catacamas and Patuca.
La Prensa reported in its digital edition: "The very President of Taiwan, Ma Ying-jeou, explained that the suspension of the investment has nothing with him not visiting Honduras.
Entrepreneurs are complaining that ENEE favors companies producing electricity with imported raw materials.
Energy developers are complaining that the National Electricity Company (ENEE) is negotiating contracts with companies that work with imported raw materials, while a number of renewable energy projects are stalled due to lack of resolution.
The Honduran Government needs $110 million in financing for construction of El Tablón dam on the Chamelecón River.
While the dam would generate only 20 megawatts, the authorities of the Executive Committee of Valle de Sula (CEVS) visualize the project as a "magnificent protection project for the Valle de Sula," given that "it will serve to regulate flow, generate electricity and provide drinking and irrigation water."
The Odebrecht company will be in charge of constructing the Los Llanitos and the Jicatuyo hydroelectric dams in the Santa Barbara department.
Latribuna.hn reports on its website: "The work to be carried by the foreign company includes the design, construction, operation, maintenance, and transfer of the hydroelectric plants which will have an installed capacity of 271 megawatts, and an annual generation of 1,037 kilowatt-hours.
The government vetoed the reforms to the Law of Renewable Incentives which would have provided incentives to small developers of hydroelectric plants.
According to reports on Elheraldo.hn, "President Manual Zelaya vetoed the reforms to decree number 55-2008 which would have provided incentives to small developers of hydroelectric plants.
The complaint was made by the president of the Honduran Association of Small Producers of Renewable Electric Energy (Ahpper), Elsia Paz."
Costa Rica-based Grupo Saret aims to become one of the leading players in electricity generation in Central America.
Saret aims to seek a partner with experience in the industry so it can compete with companies such as Enel of Italy and Spain's Unión Fenosa.
Already it has plans to build several plants in southern Costa Rica, as well as in northern Panama and Nicaragua.
Russia is interested in providing technology for the construction of hydroelectric schemes in Honduras, according to Yan Burliay, the Russian foreign ministry's director for Latin America.
Burliay foresaw potential for the development of trade between the two countries. "Russia imports nearly everything that Honduras imports," he said.
He added that Russia would like to provide state-of-the-art technology and machinery for Honduran hydro developments.