Costa Rica and Japan in $240 million geothermal deal

Costa Rica and Japan signed on Tuesday a $240-million loan agreement in support of the construction of a 55-MW geothermal power plant in the Central American country.

The Borinquen I Geothermal Plant, as it is named, will be located in Liberia, Guanacaste province. The financing is part of a sectoral loan with a 40-year term granted in 2013 for the development of geothermal projects in Costa Rica and ratified by the country's Legislative Assembly in 2014, the Costa Rican government said.

Source: Renewables Now