Friday, May 18, 2018

Costa Rica: IDB Line of Credit to Help Development of 55 MW Borinquen I Geothermal Project

Legislative Assembly approves $ 500 million IDB credit line for electric projects (BNamericas)

This Thursday, May 17, the Legislative Assembly unanimously approved and in the second debate the bill of law 19.998 that authorizes the agreement of a line of credit for $ 500 million to the Costa Rican Electricity Institute (ICE) from the Inter-American Development Bank (IDB).

The instrument, known as the CCLIP (Conditional Credit Line for Investment Projects), will be aimed at the development, modernization and expansion of infrastructure linked to renewable electricity generation projects, including the Borinquen Geothermal Field, as well as transmission networks and national distribution.