Honduras could lose $140 million energy investment

An investment of 140 million dollars by Energía Eólica de Honduras is in danger of being abandoned.

Wednesday, July 9, 2008


©image: www.mesoamericaenergy.com

An offer from the government of the Dominican Republic to develop the project there, with an offer of 12.50 American cents per kilowatt hour has reached the ears of the investors, who are still trying to get the Honduras government to sign a contract.
The company's project, put forward by the Honduras Wind Energy Project 2000, is to use wind energy in the municipalities of Santa Ana and San Buenaventura. It would provide 60 megawatts of clean, renewable energy at competitive prices.
Company officials say their latest offer was to provide wind power for 10.5 cents per kilowatt hours, but the Honduras government has not replied.
Energía Eólica is a subsidiary of Mesoamerica Energy.

More on this topic

Honduras wind-power project held up by wrangling over price

May 2008

Mesoamérica Energy's plans to install 100 megawatts of wind power in Honduras is being held up by wrangling with the government over the terms of its contract.

"The government is holding out for a kilowatt/hour tariff that represents a marginal cost of 10 percent, but that's not realistic," said Jay Gallegos, executive director of Mesoamérica Energy.

$159 Million for Wind Farm in Honduras

August 2010

The US Ex-Im Bank has approved a $159 million loan to the Honduran wind power company, Energía Eólica de Honduras S.A., to purchase 51 2MW turbines.

The 51 Gamesa G-87 wind energy turbines are for the Cerro de Hula project that seeks to provide 102MW of renewable clean energy.

Cerro de Hula Wind Project Construction Begins

December 2010

With a $ 250 million investment the wind farm equipped with 51 auto generators will produce 100MW.

The Project is a consortium made up by Gamesa and Iberdrola Engineering and Construction.

"The sustainability of this project comes from the energy purchase contract (PPA), which is for a period of twenty years with the National Electricity Company (ENEE)." Reports Elheraldo.hn.

$ 209 Million for Cerro de Hula Wind Project

November 2010

The BCIE and the EX-IM Bank signed a loan in favor of Energía Eólica de Honduras.

The resources will be invested in the Cerro de Hula Wind Project, which will generate 102 MW and is located in the Department of Francisco Morazan, Honduras.

The project developer will be EEHSA, a subsidiary of Mesoamerica, SA (ERM).

 close (x)

Receive more news about Business and Investment

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:


Municipal Water & Wastewater Treatment Plants

UEM experience includes designing new plants as well as renovating and expanding older ones for municipalities from compact water and wastewater sewage treatment plants, to full scale large plants.
Drinking Water Treatment plants include from Aquifer,...

Stock Indexes

(Apr 18)
Dow Jones
0.64%
S&P 500
1.76%
Nasdaq
2.70%

Commodities

(May 24)
Brent Crude Oil
106.12
Coffee "C"
168.55
Gold
1,562
Silver
27.745