Costa Rica: New purchasing rules for the ICE

The Costa Rica Institute of Electricity (ICE) published new regulations on how they will decide on purchases and contracts from the entity or its subsidiaries.

Monday, December 1, 2008

So the rules will also apply to the Radiográfica Costarricense (Racsa) company and to the Compañía Nacional de Fuerza y Luz (CNFL) company.

According to the document, a Corporate Procurement Board will be created to resolve all procedures and process for any type of purchase.

More on this topic

Costa Rica: Telecoms Merger Made Conditional

October 2012

The purchase of the cable company Cable Vision by the state run ICE is subject to the waiver of several airwave segments.

A statement by the Telecommunications (SUTEL) reads:
SUTEL gives conditional authorization for ICE to purchase cable company

The Board of the Telecommunications (SUTEL), through Resolution 291-2012 RCS-October 3, has given approval for the Instituto Costarricense de Electricidad (ICE) to purchase 100% of the shares of Cable Vision, subject to certain conditions to ensure healthy competition in the market.

Costa Rican ICE’s $40 million Deficit

June 2012

Adapting to a competitive market is being costly for the Instituto Costarricense de Electricidad, which in 2011 accumulated losses of $40 million and a negative return of 2, 1%.

Already in 2011 the Instituto Costarricense de Electricidad (ICE) has had to "seek waivers or amendments with eight of its creditors", according to an article in Elfinancierocr.com, because it failed to maintain the necessary financial indicators to fill the banks with confidence.

Costa Rica: New Regulations for Credit Cards

April 2010

New rules forbid issuers from “stalking” cardholders in order to collect pending payments.

The banking industry stated that limiting their ability to call debtors will result in higher delinquency, and that they will object the measure at the constitutional court (Sala IV).

ICE and Samsung Join Forces on Renewable Energy

September 2009

The agreement will foster solar and solid waste energy generation.

Under the agreement, two projects will be developed, reported the Costa Rican Institute of Electricity (ICE). One will be a solar energy power plant, and the other a facility generating energy from urban solid waste.

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