Analysis of the Production, Commercialization and Applications of Green Hydrogen and Large-Scale Energy Storage Alternatives in Honduras (IADB-HO-T1387)

Countries
  • Honduras
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Government of Honduras
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Infrastructure
  • Law and Government
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.60 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Grant Amount (USD)
$ 0.60 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 0.60 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Jul 12, 2023

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

La cooperación técnica tiene como objetivo evaluar la viabilidad de producir, almacenar, transportar y utilizar hidrógeno para actividades energéticas en Honduras, incluidas la generación de energía y aplicaciones térmicas. Finalmente, fortalecerá las capacidades del Ministerio de Energía y de la Comisión Reguladora de Energía Eléctrica para facilitar el marco legal, regulatorio e institucional para el uso del almacenamiento de energía, incluido el hidrógeno.

The technical cooperation aims to evaluate the viability of producing, storing, transporting and using hydrogen for energy activities in Honduras, including power generation and thermal applications. Finally, it will strengthen the capacities of the Ministry of Energy and the Electric Power Regulatory Commission to facilitate the legal, regulatory and institutional framework for the use of energy storage, including hydrogen.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Executing Agencies -

Ministry of Energy:

Address: Colonia Tepeyac, calle Yoro, bloque Q S1, Tegucigalpa, Honduras
Email: info@sen.hn
Phone: +504 2232-8500
Website: https://sen.hn/

Electric Power Regulatory Commission:

Address: Col. Los Castaños Sur, Avenida Ramón E. Cruz, anexo del edificio Interamericana, nivel #1 (frente a Seguros Crefisa), Tegucigalpa, Honduras
Email: info@cree.gob.hn / secgen@cree.gob.hn
Phone: +504-2235-9494
Website: https://www.cree.gob.hn/

MECANISMO DE RENDICIÓN DE CUENTAS DEL BID

El Mecanismo Independiente de Consulta e Investigación (MICI) es el mecanismo de denuncia independiente y el organismo de investigación para las personas que han sido o pueden verse afectadas negativamente por un Banco Interamericano de Desarrollo (BID) o la Corporación Interamericana de Inversiones (CII) -proyecto financiado. Si presenta una queja ante el MICI, es posible que lo ayuden a abordar los problemas que planteó a través de un proceso de resolución de disputas con quienes implementan el proyecto y/o mediante una investigación para evaluar si el BID o la CII están siguiendo sus propias políticas para prevenir o mitigar el daño a las personas o al medio ambiente. Puede presentar una queja enviando un correo electrónico a MICI@iadb.org. Puede conocer más sobre el MICI y cómo presentar una denuncia en http://www.iadb.org/en/mici/mici,1752.html (en inglés) o http://www.iadb.org/es/ mici/mici, 1752.

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