15.01.2015: Honduran state-owned electrical power company Empresa Nacional de Energía Eléctrica (ENEE) could cancel PPAs for 198 delayed renewable energy projects, reports local newspaper El Heraldo, which cites a statement from a senior ENEE official. ENEE claims that delays to the 198 projects has damaged ENEE financially and that the PPAs for these projects could be cancelled if construction on the projects does not begin shortly. Details about the 198 projects were not disclosed, and it is not clear how many of these projects will rely on solar technology. ENEE said it would not change PPAs signed before July 2014. ENEE awarded 23 service contracts for PV projects totaling 609.2 MW before July 2014. These projects are to be developed at a per megawatt cost ranging from $2.7 million to $3.0 million, which means that the total investment for these projects would surpass $1.64 billion. In May, the head of Honduras’s Chamber of Commerce, Salomón Ordóñez, said that Honduras could have 300 MW of cumulative installed PV capacity by August 2015 thanks to a planned investment of $450 million to $500 million. The investments will be concentrated on projects in the southern departments of Valle and Choluteca, where PV power plants would be able to sell electricity to the local grid at a price of $0.18 per kWh. Thermal power plants in these departments are currently selling their output to the ENEE at a price of $0.20 to $0.22 per kWh. © PHOTON http://www.elheraldo.hn/economia/785216-216/enee-descarta-rescindir-co |
Monty Bannerman
ArcStar Energy
+1-646-402-5076
www.arcstarenergy.com
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