TodayEco.com

12 Jul '12, 3pm

IDB Approves $250M for Electricity Sector in Costa Rica

IDB Approves $250M for Electricity Sector in Costa Rica

In May, ICE said it plans to invest $9 billion over the next 12 years in the nation’s power sector, with the majority to go toward generation in hydro, thermal, and geothermal. And IDB is further involved in the region, announcing earlier this year joint investments with the Japan International Cooperation Agency targeted up to $600 million in green energy renewable and energy efficiency projects in Central America and the Caribbean. Costa Rica derives 12 percent (163 MW) of its electricity production from geothermal energy, the GEA noted in its recent “Geothermal: International Market Overview Report .” In fact, it was one of 39 countries identified in 1999 by GEA as having the potential to meet 100% of their electricity needs through domestic geothermal resources. The majority of countries in Central America have developed a portion of their geothermal resources for util...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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