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  OeEB finances construction of hydropower plant La Vegona 

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.

OeEB is supporting the construction of the 38.5-megawatt project with a US-Dollar 23 million parallel loan. IFC is providing senior and subordinated debt totaling US-Dollar 30 million and has mobilised additional US-Dollar 45 million senior debt.

Clean Power for Honduras - Video of our EDFI-partner and co-investor Finnfund


In mid-2013, the hydropower plant is expected to produce about 181 gigawatt hours of electricity a year, and will power thousands of households in the country. La Vegona will also help to improve the competitiveness and sustainability of Honduran exporters by supplying lower-cost energy from a clean source. During the construction phase, the project is expected to employ about 500 local workers.

Related projects with COHERSA:

Connection of five Honduran villages to the electricity grid


Contact

Oesterreichische Entwicklungsbank AG
Strauchgasse 3
1011 Vienna, Austria

Tel. +43 1 533 12 00-0

Fax +43 1 533 12 00-5252

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