Founded in 1949, Instituto Costarricense de Electricidad (ICE) is a Costa Rican state-owned holding company that controls assets in electric energy generation, transmission and distribution. It also participates in the telecom sector. ICE has a total installed capacity of more than 2,000MW, which represents 79.3% of the total national production. The holding owns 100% of the country's transmission system and provides energy to 39% of the population. It also offers telephony services through fixed and mobile lines, international telephony and internet services through ICE Telecomunicaciones. ICE has a telephony coverage of 95% of the population. Its unit Cable Visión de Costa Rica offers cable television services, as well as internet and digital signal services. In terms of projects, the firm has been involved in various initiatives such as the modernization of the Río Macho plant, the construction of the hydroelectric plant Balsa Inferior and the expansion of the Cachí plant. Its 306MW flagship Reventazón hydroelectric project is scheduled for 2016.