Costa Rica: $243 Million to Purchase Energy

The amount that the state-owned electricity company plans to spend this year in the purchase of energy from private generators is 30% higher than in 2016.

Monday, May 8, 2017

The estimate of what needs to be allocated for purchasing energy from private generators in 2017 amounts to $243 million, and will be the highest amount spent so far by the Instituto Costarricense de Electricidad (ICE) in this area.

Crhoy.com reports that "... 'In 2015, the ICE paid these producers $190 million - representing a year-on-year increase of 55.35%. In compliance with laws 7200 (from 1990) and 7508 (from 1995), the ICE must pay for all electricity from private contracted projects, which can represent up to 30% of the country's installed capacity in the BOO (build, operate and own) and BOT (build, operate and transfer) formats."

"... The electricity demand curve since 2013 has remained at an average of 3%, which has led to the incorporation of more private projects together with those planned by the ICE, cooperatives and municipal companies."

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