Costa Rica readies geothermal call

Monday, July 7, 2014

Costa Rican authorities will launch tenders for geothermal projects once a loan bill is published in the official gazette.

Last week, the legislative assembly approved a financing package for 55MW projects Las Pailas II, Borinquen I and Borinquen II.

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The international calls for bids will be for generation and transmission infrastructure, reported state power company ICE, which has already begun drilling wells.

Las Pailas II is penciled in to come online in 2019 and Borinquen I the following year.

IDB has also expressed interest in financing the projects, according to ICE finance management's project coordinator Sergio Mata.

The planned geothermal additions are part of the company's power expansion plan.

BNamericas will host its fourth LatAm Power Generation Summit in Santiago, Chile, on August 13-14. Click here to download the agenda.