The Project is being submitted to the Empresa Nacional de Energia Electrical (ENEE) for its Power Purchase Agreement (PPA). The PPA is the final step before Congressional approval and start of construction.

The Iscan Hydro Project has received formal Municipal approval and is preparing documentation for submission to SERNA. The 4 MW Project is expected to start managed river measurements and feasibility studies this year.

The Sayab Wind Project has received formal Municipal and Environmental approval and has been submitted its initial application to SERNA. The 100 MW Project is expected to begin feasibility studies in this calendar year.

“We are very pleased with the progress of our Projects in Honduras. We feel the time is right to start diversifying our portfolio. We are evaluating expansion into other countries in Central America. In addition, we are evaluating opportunities to expand our business scope to include traditional energy plays (oil & natural gas). The company intends to further leverage the expertise of our management team by expanding energy development to include traditional energy sources. The company believes combining traditional energy sources with clean, renewable sources is a responsible approach to energy development. Clean energy is sustainable and long-lived, while conventional energy provides higher rates of return in the short term,” said V. Scott Vanis, Minerco’s President and CEO.