Caribbean & Central America - June 2007 (ISSN 1741-4458)
ECONOMIC OVERVIEW: HONDURAS
The government announced in mid-June that it would invest US$750m in building three new power stations over the next four years. The government said that the country needs 150MW more power to meet current demand.
The departments with the biggest energy needs are: Atlántida, Colón, Yoro and Olancho. All are on the Caribbean side and in the north and east of the country. One of the new power stations will be financed by Taiwan.
The other two will be financed by the private sector. The three new power stations will have a generating capacity of 200MW.
The departments with the biggest energy needs are: Atlántida, Colón, Yoro and Olancho. All are on the Caribbean side and in the north and east of the country. One of the new power stations will be financed by Taiwan.
The other two will be financed by the private sector. The three new power stations will have a generating capacity of 200MW.
Currently, 30% of the country's electricity is generated by the state sector: the rest is produced by private sector companies.
Resignation: Elizabeth Azcona, the trade and industry minister, resigned on 19 June. Azcona took office with President Manuel Zelaya and is the daughter of a former Liberal president, José Azcona Hoyo (1986-1990).
Inflation: Inflation in May was 0.4% down a bit from April's 0.6%. The rate for the first five months of the year was 3.3%. The rate for the past 12 months was 5.4%, slightly better than the 5.6% rate for 2006.