More Blackouts Ahead?
The Costa Rican Electricity Institute (ICE) has burned through more than ¢86 billion ($156 million) in diesel fuel for its power plants, which are used to cover demand not met by the nation’s hydroelectric dams and wind power. The trouble is, ICE’s diesel budget for the entire year was only ¢36 billion ($64 million), leaving the state electricity company deep in the hole. However, ICE has now asked the Public Services Regulatory Authority for another electricity rate hike to cover some of the losses. Diesel consumption has increased since low rainfall last year lowered reservoirs, causing a nationwide blackout in April 2007.
You may be interested
Costa Rica considers upgrades to Limón cruise terminal, marinaAlejandro Zúñiga - May 7, 2021
The Atlantic Port Authority's (JAPDEVA) has contracted U.S.-based Moffatt & Nichol to conduct feasibility studies regarding a new cruise terminal…
Former Latin American leaders condemn ‘breakdown in the rule of law’ in El SalvadorThe Tico Times - May 6, 2021
Some 20 former presidents of Spain and Latin America, including Felipe Calderón and Vicente Fox from Mexico, and Álvaro Uribe…