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Costa Rica secures $670 million loan for hydroelectric dam

The project is slated to start generating energy in 2016.

The Inter-American Development Bank (BID) approved $670 million in loans to finance the Reventazón Hydroelectric Dam – the most complex hydroelectric project ever built in Costa Rica – near the Caribbean slope town of Siquirres.

The 305.5 MW project is expected to provide energy for some 525,000 families and comes with an estimated price tag of $1.1 billion. It is slated to start generating energy in 2016 (TT, April 15, 2011).

Funding for the project will go to “the design, construction, operation and maintenance of a 305.5 MW hydroelectric plant and its associated facilities including transmission lines, substations and access roads,” according to the bank’s website.

Costa Rica currently generates about 90 percent of its electricity from renewable resources, namely hydroelectricity. The country aims to reach 95 percent renewable energy generation by 2014, and by 2021 – the same year it hopes to become the world’s first carbon-neutral country – Costa Rica wants to generate 100 percent of its electricity from renewable resources (TT, Dec. 08, 2011).

Source: http://www.ticotimes.net/Business/Costa-Rica-secures-670-million-loan-for-hydroelectric-dam_Friday-May-04-2012

 

 

Households will pay more for  light to compensate low of firms

ICE requested reduction of 16% for 4 firms and 0.76% increase for other customers

Alunasa, Holcim, Cemex and Intel are the most favored tariff reduction

Households subscribers ICE electricity will pay a little more of their electric bills to offset a reduction for large industrial companies.

The homes will have an adjustment of 0.76% in receipts, while the four companies with greater electricity consumption will get a discount of 16.18%.

For a family with a consumption of 200 kilowatt hours per month (kWh) this is about 96 ¢ more. From¢ 12,600 to ¢ 12,696.

They captured the Costa Rican Electricity Institute (ICE) in an application for modification of rates made in December.

The petition discusses the Regulatory Authority for Public Services (Aresep) that must be resolved before May 12.

ICE management responds to a directive from the Government which requires most competitive rates for industry.

The order, released this April 20 in The Gazette, is aimed at power sector entities.

The document states that these companies must adapt and adjust their electricity of mean and high voltage tariffs in order to facilitate the development state funtion , promotion and attraction investment.

"Read more"

 

La Nación

Recope and ICE point at natural gas for energy and transport

Study will identify technical and economic feasibility of using this fuel here

Institute aims to turn natural gas thermal generation plant Moin

MERCEDES R. AGUERO This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Recope and ICE are now moving to natural gas for electricity generation and in the future to provide public transport.

Both companies are awaiting a study hired a Canadian firm, which define the technical and economic feasibility of using this fuel as a substitute for bunker or diesel, it is cleaner and cheaper.

"Read more"

 

La Nación

The plan to dam Diquís progresses steadily in the ICE

Institute issued in April first part of the environmental feasibility study

Chancellor shall perform consulting indigenous megaplanta

MERCEDES R. AGUERO This e-mail address is being protected from spambots. You need JavaScript enabled to view it 25/03/2012 12:00 AM

The plan to build the hydroelectric megaplanta The Diquís in Buenos Aires, Puntarenas, moving steadily in the ICE.

Although the Costa Rican Electricity Institute (ICE) meets in April a year since retiring from indigenous territories where plans to install part of the reservoir, the project has stopped.

"Read more"

 
La Nación

Contingency electrical

"The contingency power is already," says Rene Castro, Minister of Environment, Energy and Telecommunications. The data support his claim

Climate change, the vagaries of the oil market and the expected increase in demand should be a spur to abandon prejudice and promptly legislate


25/02/2012        12:00 AM

Last year Costa Rica managed to pollute the environment more, deepen their dependence on imported oil and increase the cost of energy in a 11.26% if approved the increase requested by the Costa Rican Electricity Institute (ICE). Funding for these achievements will leave the pocket of users, including the productive sector, which got also more expensive domestic production and impoverish the population.

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