Wednesday, August 2, 2017

Costa Rica: Loan Contract Signed for 55 MW Borinquen I Geothermal Project

New Geothermal Plant Will Be Built in Costa Rica (The Costa Rica News)

The Costa Rican government signed a loan contract for 240 million dollars with Japan for the construction of the new 55 MW Borinquen I geothermal plant.

Borinquen I is planned to be built in Liberia, Guanacaste, and will be the third geothermal power plant in the country, along with Miravalles and Las Pailas.

The loan contract was signed with the executive president of the Costa Rican Institute of Electricity Carlos Obregon, representatives of the International Cooperation Agency of Japan and the Ministry of Finance. The President of Costa Rica was also present during the signing.

Borinque I plant will start operating in 2023. Right now, the terrain is under topological evaluation for further construction.