Honduras to invest in biomass power for textile industry

01 Oct '13

2 min read

The manufacturing industries operating in the Free Trade Zones (FTZs) of the Central American republic of Honduras, known as Maquila, which includes textiles and clothing industries, would be investing US$ 320 million for developing 4 projects for generating electricity through biomass during the period 2013-15, according to a report by the Central Bank of Honduras (BCH).

The BCH report titled ‘The goods for Maquila industry and related activities in Honduras’ states that the manufacturing industries would continue to develop the strategy for using electricity based on biomass to replace the thermal energy which is purchased at higher prices.

The biomass power strategy would have a positive impact on the Maquila industry of Honduras and would also increase competitiveness in the sector, the report adds.

According to the report, in 2012, the Gross Value Production of the manufacturing industry of Honduras recorded a moderate growth of 2.4 percent, while the Gross Value Production of textiles and clothing declined during the year.

The BCH report released by Honduran Maquila Association (AHM) states that between December this year and 2015, in total four biomass projects would come into operation in the country.

Two of the Biomass projects would be set up in the Choloma municipality, by the Department of Cortes, with an investment of US$ 180 million and power generation capacity of 60 Mega Watts.

The third project would be set up in the town of Potrerillos, with an investment of US$ 60 million and power generating capacity of 20 Mega Watts, whereas the fourth project would be set up in the municipality of Quimistan, Santa Barbara, for US$ 80 million and power generating capacity of 26 Mega Watts, the report adds.

Fibre2fashion News Desk - India

More Textiles News - Honduras...