Honduras' utility forecasts losses of 31.7 per cent by 2015

Honduras's state-owned energy firm the National Electric Power Company (ENEE) has said it expects losses of 31.7 per cent next year. Of that percentage, 12.5 per cent will come from technical losses and 19.5 per cent form commercial losses.

Esmerk Latin American News said that the public company will lose over $400m due to a lack of maintenance on its transmission lines.

Local newspaper El Heraldo also quoted figures from The World Bank pointing out that energy prices and electricity losses are the main causes of ENEE's delicate financial situation.

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