In collaboration with the Republic of Korea, Honduras will begin the Distribution System Management Modernization project based on DAS (Distribution Automation System).
It is being carried out by the Ministry of Energy, with financing of US$ 13,910,000 from the South Korean Ministry of Commerce, Industry and Energy (MOTIE), in collaboration with the Korea Institute for the Advancement of Technology (KIAT) during the development and execution of the project.
The event – where the start of this work was announced – included the Undersecretary of International Cooperation and Promotion, Cindy Larissa Rodríguez; the Secretary of Energy, Erick Tejada; Moonup Sung, ambassador of the Republic of Korea in Honduras; and Cheon Kyo Park, director general of the Korea Institute for the Advancement of Technology (KIAT).
Vice Chancellor Rodríguez expressed that the effort of the National Energy Secretariat for the implementation of the project is valued, which appears in the Government Plan of President Xiomara Castro Sarmiento, “based on its commitment to guarantee the sustainable development of the Honduran nation.”
The Project is being carried out by the Ministry of Energy, with financing of US$ 13,910,000 from the South Korean Ministry of Commerce, Industry and Energy
Likewise, Minister Tejada invited them to continue working together, “so that Korean companies find an investment market space to develop.”
For his part, director Cheon Kyo Park referred to energy development in the nation, where KIAT, the Inter-American Development Bank and the Government of Honduras have the same objective of industrial and energy progress.
About the project
The initiative, which is part of the official development assistance (ODA) programs in the energy industry of the Ministry of Commerce, Industry and Energy of South Korea, aims to help stabilize the supply of electricity in Honduras, through the distribution automation system technology.
MOTIE and KIAT will invest about 17 billion won (equivalent to $13.91 billion) until 2026 to establish the electrical distribution automation system and build distribution system management centers in the central and southern regions of the Central American country.
The project will also include equipment assistance, technology transfer and training programs.