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
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).
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.
Delegates from the Italian Cooperation agency are in Honduras, making the final preparations for donating the money to “José Cecilio del Valle” power plant.
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.
Most of the concessions to build hydroelectric power plants in the rivers of Chiriquí were granted without paying fees, for 50 years.
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