There is great potential of untapped indigenous renewable energy resources. Due to the likely long-term trend of high oil prices, such resources could be developed at competitive prices. However, except for the large hydro projects, the potential for the development of renewable energy - hydro, wind, solar, biomass and geothermal - is yet to be explored.Two build–operate–transfer (BOT) schemes for medium hydro projects are being developed in Honduras. In 2006, a Brazilian construction firm expressed interest in building Janito and Jicatuyo projects on the Ullúa river, in the West. It is estimated that both projects will add a total of 271 MW. As of 2009 pre-feasibility studies are being conducted. Financing from the Central American Investment Bank has already been requested. The Brazilian government has provided technical support. The projects include transmission and distribution investments. Ownership of the facility will be transferred to the state after 25 years. The second BOT involves the government of Taiwan in building and operating Patuca 3 project, expected to add 100 MW. Ownership of the facility will be transferred to the state after 30 years.In January, 2011, the Congress approved the Decree for the construction of hydroelectric dams Patuca I, Patuca II and Patuca III, Olancho, and Los Llanitos and Jicatuyo in Santa Barbara, with the aim to generate 1000 MW of energy.It is expected that in three years Patuca III (or Piedras Amarillas), is generating the first 104 MW of power. The construction of Patuca II (or Valencia) and Patuca III (or La Torrosa) are scheduled for later. Besides the five dams approved by the Decree, the construction of the Energy Complex of the Aguán Valley (hydropower, biomass and solar) located in the department of Yoro has been aproved, under the coordination of the Empresa Nacional de Energía Eléctrica (ENEE).In November 2007, the Law for Biofuels production and consumption was approved. In November 2008 its Decree which was published in February 2009.BiomassThe Sistema Interconectado Nacional currently has 60 MW of total installed capacity with biomass resources contributed by private developers. It is contemplated an additional 125 MW in the future.GeothermalThere is a pioneering initiative called Platanares Geothermal which has been developing actions at the level of study and so far it is believed it will produce about 35 MW in the Platanares community. It is expected that the geothermal project will be in operation in 2013. There is an estimated geothermal potential of 125.3 MW in Honduras.