|Policy status:||In Force|
|Policy Type:||Economic Instruments, Economic Instruments>Direct investment|
|Renewable Energy Policy Targets:||Geothermal|
|Size of Plant Targeted:||Large|
|Agency:||Instituto Costarricense de Electricidad (ICE) Japanese Government and European Investment Bank (JICE)|
|Legal References:||Law 9254|
|Renewable Energy Description:|
The law 9254 approves bilateral loans with the Japanese Government and the European Investment Bank for the financing of geothermal projects larger than 50 MW to be developed by the national utility Instituto Costarricense de Electricidad (ICE).
The projects – Pailas II and Borinquen I and II – are expected to generate 55 megawatts each and will be developed by ICE in an area near the Rincón de la Vieja Volcano National Park. ICE expects all three projects to be fully operational by 2020.
In order to view a full version of Costa Rica's Approval for Sectoral Loan for the Development of Geothermal Energy in Guanacaste click here.
Last modified: Thu, 01 Mar 2018 17:48:26 CET