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Foreign investors fight shy of Costa Rica power costs

Friday, March 1, 2013

Costa Rica is facing the possibility of losing foreign investment due to the country's high electricity costs.

Bureaucracy has caused the delay since last December of a law that would establish an electricity contingency plan.

Both the president of the country, Laura Chinchilla, and Victor Emilio Granados, head of congress, want the law to be discussed by a specialized committee, but in order to do so, it must be first approved by 38 legislators.

Full story (in Spanish)