Securities placed today will expire in 2043

May 08,2013.

Costa Rican Electricity Institute (ICE) on Wednesday auctioned securities (bonds) for $ 500 million in the international capital market.

The notes have a maturity of 30 years (their principal is paid in 2043) and offer a yield of 6.50%.

The auction mechanism is similar to that used to place Eurobonds on the international market.

The information was confirmed by Lafise Securities brokerage firm, one of the local intermediaries closely monitors international market.

The securities have Baa3 by Moody's and BB + by Fitch. These notes are based on the support they give the country to the institution, because it is a state entity.

A year ago, in May 2012, ICE issued $ 250 million from over 70 investors from Europe, Asia, Latin America and the United States.

The funds raised today will be used to enhance the institution's debt and pay higher cost liabilities , explained the financial management of the entity to the weekly El Financiero, in March.

Source: "La Nación".

Adopted rising of the electricity tariff by fuel use

From ¢1 to ¢4 per kWh

A family that has a minimum power consumption of 200 kilowatt hours (kWh) will pay between ¢ 200 and ¢ 400 more on your next monthly bill.

The Regulatory Authority for Public Services (Aresep) approved an increase to offset the cost that makes the Costa Rican Electricity Institute (ICE) to generate fuels. Will be effective upon publication in La Gaceta.

According Aresep in the case of ICE users, the first 200 kWh cost instead of 92 ¢ 89 ¢ each. For subscribers of the National Power and Light, the cost will increase from 75 ¢ to 79 ¢.

Users of the Administrative Board of Electrical Services of Carthage (JASEC) will pay for the first 200 kilowatt hours instead of ¢ 70 ¢ 67 each, while in the case of Coopelesca, which gives service to the people of San Carlos , the kilowatt hour cost 92 ¢ instead of 91 ¢.

Finally, customers will pay Coopesantos ¢ 2 more per kilowatt hour (¢ 78 to ¢ 80) and those of more CoopeAlfaroRuiz disbursed ¢ 1 (¢ 77 to ¢ 78).

Source: "La Nación".

INE review contracts signed by Blue Power and Natural Gas

The Nicaraguan Energy Institute (INE) determined to restart the analysis of contracts for energy purchase and sale, signed by companies and Blue Natural Gas Power & Energy,

In Resolution No. 0662-09-2010, issued by the Directorate General of Electricity, INE leads to petition for review filed by Gas Natural, after the regulator rejected a part of these contracts, citing lack of technical-economic analysis .

The INE specified in resolution to be performed adequate oversight of the distribution and billing of energy, which will serve both companies and that the energy served by Gas Natural should be seen as a public service which must be properly secured and controlled by the State.

David Castillo, President of the Board of INE, confirmed yesterday that both Gas Natural and Blue Power completed the missing information, relating to the project's economic reports and technical aspects.

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Conference - September 26, 2009

Achieving Peace with Nature by 2021: Obstacles and Opportunities for the Energy Sector of Costa Rica

Jim Ryan of ASI Power was a speaker at this conference which was

ponsored by AMCHAM (American Chamber of Commerce) and the co2neutral2021 organization. See his PowerPoint presentation below.

Synopsis: The conference was intended to deliver roadmap for achieving carbon neutrality of Costa Rica to 2021.

• CO2Neutral2021 is an international team that has integrated knowledge and experience of Costa Ricans in a path of actions critical to reduce CO2 to neutral
• Actions that were drawn on this route reductions of 10 M tons of CO2 in 2021
• Costa Rica should further develop an aggressive strategy to achieve 37% of emissions would be left to reduce.

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