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Bank lends $200 million to Costa Rican hydro plant

Monday, October 22, 2012

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)