Bank lends $200 million to Costa Rican hydro plant
The Inter-American Development Bank authorized a $200 million loan to the state-owned Costa Rican Institute of Electricity, ICE, for the construction of the Reventazón hydroelectric plant.
The project, valued at $1.2 billion, is expected to be completed by 2016 and will be the largest hydroelectric plant in Central America.
Once in operation, Reventazón will generate 1,400 gigawatts-hour per year, which translates to 10 percent of Costa Rica's total installed electricity generation capacity.
Full story (In Spanish)