The indefinite suspension of the hydroelectric project is due to the fact that the so-called Generation Expansion Plan determined that ICE has the installed capacity to meet the electricity demand of the next decade, the president of the state-run Costa Rican Electricity Institute (ICE), Irene Cañas said at a press conference.
For this reason, several projects under execution will also be postponed, such as the geothermal Borinquen 1, which was scheduled to enter into operation in 2024 but is now projected for 2026, and pre-investment studies of other energy initiatives will be reprogrammed.
Cañas indicated that Costa Rica’s electricity demand has been decreasing in recent years due to factors such as the incorporation of new technologies, the change in consumption patterns, energy efficiency policies, the migration of the manufacturing process industry to services, and the economic contraction.
From the Global Geothermal News archives:
- Tuesday, June 19, 2018 - Costa Rica: Inter-American Development Bank Loan to help Geothermal Energy Projects
- Friday, May 18, 2018 - Costa Rica: IDB Line of Credit to Help Development of 55 MW Borinquen I Geothermal Project
- Wednesday, August 2, 2017 - Costa Rica: Loan Contract Signed for 55 MW Borinquen I Geothermal Project
- Wednesday, June 21, 2017 - Costa Rica: JICA Provides Funds for 55 MW Borinquen I Geothermal Project
