Costa Rica:

Japan Loans $560 Million to Costa Rica for Geothermal Energy Plants (The Costa Rica News)

The government of Costa Rica today signed a loan of $560 million awarded by Japan to develop geothermal energy projects that will generate more than 55 megawatts of electricity.

This credit has state guarantee by the Government of Costa Rica, is a 40-year term and has a fixed interest rate of 0.60%.

The projects to be financed are Pailas II, I and Borinquen Borinquen II, which are located in the foothills of the Rincon de la Vieja volcano in the northwestern province of Guanacaste run by the state-owned Instituto Costarricense de Electricidad.

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