In assessing the damage

Luis Roberto Rodriguez, Hidroele project manager - Reventazón.

Any idea of the impact of damage on the date of completion of the work planned for the summer of 2016?

At this time the team is focused on making an assessment. We are doing the analysis with a multidisciplinary team. Inclusive, and appreciated, the area of ​​the power house is flooded and should be expected to flow down. We have to wait to rehabilitate the electrical system and then pumping out water and make a more thorough assessment of the impact of this natural event in the works of the project.

Could this affect negotiations for financing the project?

Remember, this is a natural event. In this case the project has been impacted and we have been reporting to financial authorities the work we are doing and the preliminary impact. In the end, when we have the documentation ready, we will sit with them to assess the situation.

What is the mood of the workers? How have received this?

This is a new challenge that is presented to the institution. It is a new opportunity of being able to convey to the country than it is capable. Not the first time we are subjected to events of this magnitude. We're taking with our heads held high and we are confident that we will move forward, as always.

Temporary causes serious damage to uninsured ICE Plant

Institute argues that policy is linked to funding and thus is inactive

Entity known whether plant which will give light to 525,000 homes will be ready in 2016

The gentle river Reventazón, which in April offered no resistance whatsoever to the diversion of its waters by two concrete tunnels became a juggernaut with temporary weekend.

The strong current swept key works Hydroelectric Project Reventazon that ICE built in Siquirres, Lemon, and by that time lacked an insurance policy.

This implies that the cost of the damages, whose amount was not quantified, should be borne exclusively by the entity.

To date, the investment is $ 250 million entirely covered in ICE's budget.

Officials at the Instituto Costarricense de Electricidad (ICE) is still unknown whether the plant with the capacity to illuminate 525,000 homes, will be ready in the summer of 2016 as expected.

Access roads, power house, a bridge to transport materials, and especially the work on the dam site, were most affected by water.

Work on this front was the biggest blow to the cofferdam, a sort of dam 31 meters high, which allowed maintaining the water channeled into diversion tunnels and protect the dam. The river swept much of the levee and resumed its natural course.

This means that engineers must re- divert the river into the tunnels to resume construction of the dam 130 meters high.

Luis Roberto Rodriguez, director of the project, denied that this incident will lead to an overall rethinking megaobra.

However, experts explained that the institution of various specialties working hard in Siquirres in San Jose to assess the impact and make adjustments as appropriate in the design of certain works.

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Alert in ICE for low rainfalls and increased thermal generation

Reduce flows affect electricity production in dams.

While people enjoy summer evenings and in winter breeze on the ICE are turned on emergency lights.

The low rainfall is affecting the production of electricity at dams and forced to burn more fuel ICE than expected to meet national electricity demand.

From January to June, the Institute has invested little more than ¢ 40,000 million in purchases of diesel and bunker for electricity generation.

That is double the amount for fuel purchases granted by the Regulatory Authority for Public Services (Aresep) for all this year.

Therefore, increased spending on oil this will involve a future increase in electricity tariffs paid by users, although it is unknown what percentage.

This alerts the Chief Executive yesterday launched the Costa Rican Electricity Institute (ICE), Teofilo de la Torre, in the midst of a business forum on the future electric Costa Rica.

The event, held at the Holiday Inn Aurola was organized by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP).

So far, data generation and fuel expenditure between January and May this year do not exceed those recorded in the same period of 2011.

In the first five months of 2011, ICE spent ¢ 59.505 million in fuel and in the same period this year that spending is ¢ 33.048 million.

This July 3 came into effect an adjustment of 7.9% in the rates of generation and 3.6% for electricity distribution to recognize fuel costs made ​​by the ICE in 2011. Rising governed by an eight-month period.

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Banks are intended to support green initiatives

The offers 'green' latest entering or soon will enter the market are those of the Banco de Costa Rica and the National

The public and private banks in the country have opted for incentives to businesses and households that want to improve their environmental performance through different credit options.

The most recent deals entered or soon will enter the market are those of the Banco de Costa Rica and the National, in addition to already existing for other banks like Popular and BAC San José.

Banco de Costa Rica: mitigation and compensation footprint

During the second half of this year the Bank of Costa Rica will introduce two new products: Carbon Neutral BCR aimed at finance companies have been certified in this area, and eco-friendly BCR to finance companies that conduct their activities while preserving the environment and sustainable development, said Mariano Benavides, manager of retail products of the entity.

The investment plans are in capital goods designed to reverse environmental degradation, protect biodiversity and land degradation, water and atmosphere.

Also seek to improve the quality of community life where is the business activity, promote conservation and sustainable use of ecological resources (whether land or marine), industrial restructuring for the company's activities are friendly the environment and sustainable long term and encourage renewable energy generation and use clean energy sources.

It also considered the development of greenhouse activities and waste management or wastewater treatment.

The details of the fees and the amounts to be funded will be announced at the time of launch.

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