Costa Rica: Hydroelectric concession expires
Right in the middle of an energy crisis, this country is allowing its hydroelectric power company concessions to expire.
Wednesday, June 11, 2008
The first concession to use water for producing electricity has expired This means the owner of the el Cedral plant in Ciudad Quesada must shut it down. This project has been providing energy in the north since the early 1960s.
With an investment of $188 million and a generation of 46 megawatts, the Toro III Hydroelectric Plant will be inaugurated tomorrow , in San Carlos, Alajuela, Costa Rica.
The government of Taiwan delivered the required technical and engineering studies for building the hydroelectric power plant Patuca III.
Minaet may grant private concessions to develop hydroelectric energy projects.
President Oscar Arias eliminated by decree the obstacle that would have denied water licenses to hydroelectric producers. At the same time he's seeking more private investment in the sector.
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