The Costa Rican Electricity Institute (ICE) project manager said in a statement that they were given credit for a term of 25 years with an interest rate of 4.03% per annum.
Last week, ICE and the Japan International Cooperation Agency (JICA) signed another agreement which gives the institute a line of credit for $560 million for the development of the Pailas II, Borinquen I and Borinquen II geothermal projects .
These projects, which together will generate 165 MWe, are located in the foothills of the Rincon de la Vieja volcano in the northwestern province of Guanacaste, about 300 kilometers west of San Jose.
Read More.....
