Costa Rica promotes water concessions for the production of electricity

The bill gives incentive to open private hydroelectric plants.

Monday, October 20, 2008

By passing the bill, the legal vacuum preventing the State from granting concessions to private companies to produce clean energy would be eliminated.
With it, private hydroelectric projects would be reactivated for those whose concession has expired and have not been able to renew it.
Furthermore, it would eliminate risk for companies currently selling energy to the Instituto Costarricense de Electricidad (ICE) and who see the end of the concession approaching without the possibility of renewing it.

More on this topic

Costa Rica: Hydroelectric concession expires

June 2008

Right in the middle of an energy crisis, this country is allowing its hydroelectric power company concessions to expire.

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.

Decree maintains and broadens Costa Rica's electrical concessions

June 2008

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.

"With the decree the government has eliminated the problem and now there is no obstacle to increasing private participation in the electrical market," said Roberto Dobles, the energy and environment minister.

Costa Rica: Regulation of Private Hydroelectric Companies

March 2009

Minaet may grant private concessions to develop hydroelectric energy projects.

The Legislative Assembly of Costa Rica approved a bill that will allow the Ministry of the Environment, Energy and Telecommunications (Minaet) to grant concessions for hydroelectric energy generation projects during the first debate.

Costa Rica: $19 million for Hydroelectric Station

August 2015

After renting it for 12 years, the Costa Rican state power company, ICE, has paid $19 million to acquire the Peñas Blancas hydroelectric plant, 36 MW.

The Costa Rican Electricity Institute (ICE) exercised the purchase option which was its right from the start beginning, through the figure of trust, for the construction and operation of the Penas Blancas plant, in 2000.

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