Renewable-Energy Investment in Honduras Will Help Power Thousands of Households
OeEB and IFC, a member of the World Bank Group, are providing US-Dollar 98 million in financing for Compañía Hondureña de Energía Renovable S.A. (COHERSA), to construct a private hydropower project in Honduras, which will promote clean energy and help the country meet its growing power needs.
The hydropower plant is expected to produce about 181 gigawatt hours of electricity a year, and will power thousands of households in the country. During the construction phase, the project is expected to employ about 500 local workers.
Sustainable energy necessary for development
Andrea Hagmann, a member of OeEB's executive board, says: "Sustainable energy is important for development and growth. Using renewable energy decreases the dependency on expensive fossil energy, a burden for the economies of developing countries."
For more information read the full Press Release.