• Costa Rica Coffee Guide

Costa Rica secures $670 million loan for hydroelectric dam

May 4, 2012

The Inter-American Development Bank (BID) approved $670 million in loans to finance the Reventazón Hydroelectric Dam – the most complex hydroelectric project ever built in Costa Rica – near the Caribbean slope town of Siquirres.

The 305.5 MW project is expected to provide energy for some 525,000 families and comes with an estimated price tag of $1.1 billion. It is slated to start generating energy in 2016 (TT, April 15, 2011).

Funding for the project will go to “the design, construction, operation and maintenance of a 305.5 MW hydroelectric plant and its associated facilities including transmission lines, substations and access roads,” according to the bank’s website.

Costa Rica currently generates about 90 percent of its electricity from renewable resources, namely hydroelectricity. The country aims to reach 95 percent renewable energy generation by 2014, and by 2021 – the same year it hopes to become the world’s first carbon-neutral country – Costa Rica wants to generate 100 percent of its electricity from renewable resources (TT, Dec. 08, 2011).

You may be interested

Costa Rican diet contains too much salt, Health Ministry says
Health
4747 views
Health
4747 views

Costa Rican diet contains too much salt, Health Ministry says

Alejandro Zúñiga - March 9, 2021

The average Costa Rican adult consumes twice the recommended value of salt each day, according to the Health Ministry. Ticos ingest…

Costa Rica creates commission to address gender unemployment gap
Costa Rica
2552 views
Costa Rica
2552 views

Costa Rica creates commission to address gender unemployment gap

Alejandro Zúñiga - March 9, 2021

In context of International Women's Day, Costa Rican leaders on Monday signed a decree to create a commission to address…

Vaccinated people don’t have to self-isolate after Covid contact
Costa Rica
16423 views
Costa Rica
16423 views

Vaccinated people don’t have to self-isolate after Covid contact

Alejandro Zúñiga - March 8, 2021

People who are fully vaccinated against Covid-19 won’t have to isolate if they are a close contact to someone who…