Decree maintains and broadens Costa Rica's electrical concessions
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.
Thursday, June 12, 2008
"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.
Right in the middle of an energy crisis, this country is allowing its hydroelectric power company concessions to expire.
In the tender process for up to 200 megawatts (MW), the Instituto Costarricense de Electricidad has received twenty-eight offers from companies including 15 hydroelectric and 13 wind generation projects.
Minaet may grant private concessions to develop hydroelectric energy projects.
The government of Taiwan delivered the required technical and engineering studies for building the hydroelectric power plant Patuca III.
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