Hydro Plant Concession goes to Italian-Honduran Consortium

Honduras National Congress gave the José Cecilio del Valle hydro power plant in concession to a consortium called Enasa (Eléctrica de Nacaome).

Monday, January 25, 2010


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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".

More on this topic

Honduras: Italy Invests $31 Million in Nacaome Region

June 2010

The funds will be used in to build a hydroelectric power plant, called “José Cecilio del Valle”, and to develop irrigation projects in the area.

Mauro Marazoma, Italian spokesperson in Honduras, remarked that they are now organizing the project, to communicate it to local communities and government entities.

$34.3 Million for Honduran Hydro Power Plant

February 2010

Delegates from the Italian Cooperation agency are in Honduras, making the final preparations for donating the money to “José Cecilio del Valle” power plant.

Talks between both parties were suspended after the political crisis of June 28. The funds will be used to build 8 metal structures in the dam, and to develop irrigation projects.

Bajo de Mina Hydroelectric to Change Concessionaire

November 2010

The Panamanian Justice nullified the 2006 ASEP decision to remove the project given to Julius Lisac and award it in 2007 to Ideal SA, owned by Carlos Slim.

The Public Services Authority of Panama (ASEP) should now stop work on the hydroelectric 85MW plant, to restore the original concessionaire, Lisac´s company.

Hydroelectric Project Speculation in Panama

May 2010

Most of the concessions to build hydroelectric power plants in the rivers of Chiriquí were granted without paying fees, for 50 years.

Sometime later, Mexican tycoon Carlos Slim entered the hydroelectricity market in Panama, offering almost $32 million for two of these concessions.

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