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.
Right in the middle of an energy crisis, this country is allowing its hydroelectric power company concessions to expire.
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.
Minaet may grant private concessions to develop hydroelectric energy projects.
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.
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