IDB Invest helps finance Jilamito Hydroelectric Project in Honduras
IDB Invest has approved a $20.25 million loan to support the development, construction and operation of the Jilamito Hydroelectric Project, a run-of-river plant in Arizona, northern Honduras.
Jilamito will add 14.8MW of renewable energy capacity and supply, on average, about 85.8GWh annual clean energy to the national grid.
The project will be operated by Inversiones de Generación Eléctricas, a Honduran company set up specifically to develop, build, and operate the plant.
The project will also invest in community initiatives, on issues such as the supply of drinking water, education, health and conservation of forests and watersheds, it will improve the drinking water system of 12 communities in its area of influence and, in collaboration with biologists and national academics and international, will develop a Biodiversity Study Center in the Texiguat Wildlife Reserve.
