Homeowners and commercial users will see an increase in their electric bill the next time one arrives. The good news is that the regulating agency approved an increase that was lower than what the Instituto Costarricense de Electricidad sought.
ICE had requested a 30% increase, but rates will go up only 10% or so. Read more »
The approval of the discounted rates concludes an ongoing dispute between ARESEP and the Costa Rican Electricity Institute (ICE), which opposed the drop. Read more »
The huge plant was declared to be of national interest in February 2008 by the government of President Óscar Arias. It is part of ICE’s (Instituto Costarricense de Electricidad) strategy for expanding the country’s energy capacity, now estimated at 2,100 megawatts, which it wants to double in the next 10 years. The projected cost is estimated at 1.85 billion dollars, making it the largest public investment in infrastructure ever undertaken in Costa Rica. ICE expects the plant to come to fruition in 2016. Read more »
President Óscar Arias Sánchez, who won the Nobel Peace Prize in 1987, said the country needs $768 million to strengthen its electrical sector. That possibly means that the country will be looking into opening the market for private investment in power generating.
The “Planta de Hidroenergía del General” $80 million hydro plant will generate 40 megawatts of power.
It will provide enough power for 40,000 dwellings. 30 technicians will operate the plant, which is the property of the Instituto Costarricense de Electricidad (ICE).
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March 25, 2010 2:40 pm
Expat Living, News
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