World Energy Holdings & Research Denounced as ScamTuesday, December 6, 2011 The company sold at least $2.5 million in stock, claiming to own five hydroelectric projects in Guatemala, and promising yearly returns of 60%. But the projects featured in the firm’s promotion materials, announced as being under construction, are not owned by the company. They exist, but do not belong to World Energy Holdings & Research (WEHR), instead they are tenders by the National Institute of Electrification (INDE) since 1982, which have never been awarded to any bidder. They are still available for concession, with no real progress for their eventual development. Energy: Guatemala Would be Self-SufficientTuesday, November 3, 2009 World Energy Research (WER) closed three contracts for constructing hydro power plants, and for purchasing their energy production. WER remarks they have full backing from Guatemala's government, and that they will achieve energy self-sufficiency in Guatemala in the near future, through their work on R&D. Honduras: $11 Million for El Nispero DamnTuesday, May 27, 2014 With the investment in two new turbines the plant 's lifespan has been lengthened and annual production increased by an additional 26 GWh. In addition to reducing the high costs of maintenance, the repowering of the hydroelectric station aims to gradually increase its ability to reach a production of 80 GWh per year, with surpluses being sold to the state at a lower price than at present, generating savings of $2.90 million a year. |
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