• Costa Rica Coffee Guide

Costa Rica receives $250 million loan for improving electricity supply

June 27, 2012

The Inter-American Development Bank (IDB) approved a $250 million loan to help Costa Rica meet its growing electricity demand.

Costa Rica’s electricity capacity in 2011 was 2,650 MW, 77 percent of which was from renewable sources. Although the present installed capacity meets current demands, the country’s electric energy expansion plan foresees 5.1 percent average annual increases in demand.

The plan proposes to meet these increases between 2012 and 2024 by adding 1,714 MW of installed capacity, 98 percent of which will be from renewable sources.

Nearly $98 million of the bank’s loan will co-finance the Reventazón Hydroelectric Project (PHR), expected to go online in 2016. The PHR will have an installed capacity of 305 MW, including a 13.5 MW mini-generating plant at the base of the dam, and an annual production of 1,407 GWh.

The program will help to improve the quality of energy supplied throughout the country’s distribution system, electricity coverage in rural areas and efficiency in consumption.

You may be interested

Precision medical equipment remains Costa Rica’s top export
Costa Rica
1896 views
Costa Rica
1896 views

Precision medical equipment remains Costa Rica’s top export

Alejandro Zúñiga - June 22, 2021

Costa Rica tallied more than $5.77 billion in exports over the first five months of 2021, a 23% increase over…

Canada to begin easing border measures in July
Costa Rica
2987 views
Costa Rica
2987 views

Canada to begin easing border measures in July

Alejandro Zúñiga - June 22, 2021

Canada will ease some border measures as part of a phased reopening that begins next month, the country's government announced…

Costa Rica pauses appointment of Ambassador to Nicaragua
Costa Rica
10 views
Costa Rica
10 views

Costa Rica pauses appointment of Ambassador to Nicaragua

Alejandro Zúñiga - June 22, 2021

The Costa Rican government on Monday announced it has paused the appointment of its Ambassador to Nicaragua due to "the…

The Tico Times | Top Costa Rica News, Travel, Culture and Sports