Energy: Contract Renegotiation PreparedIn Costa Rica, the state-owned electricity company ICE is evaluating the renegotiation of prices and conditions in power purchase contracts with private generation companies.Monday, March 4, 2019
The adjustments planned by the Costa Rican Electricity Institute (ICE) in contracts with private generators are based on the need to reduce costs and adapt prices and quantities purchased to current demand conditions and the availability of resources to generate energy. Source: Nacion.com ¿Busca soluciones de inteligencia comercial para su empresa?Do you need more information about your business sector?Request more information: Need assistance? Contact us
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650 MW Hydro Project CancelledNovember 2018 After spending $146 million over six years, Costa Rica's state-owned electricity company finally decided to cancel construction of the Diquis hydroelectric power plant in Puntarenas. Wind Power: More Supply than NeededApril 2016 In Costa Rica, 19 projects were selected as "eligible" by the state run power company, but the same institution has ruled out opening new competitions to purchase more wind-generated power. Costa Rica Does Not Want Private Power CompaniesDecember 2014 Keeping limits on private power generation blocks investments and removes the possibility of reducing prices and improving competitiveness. NO to Limits on Private Power GenerationOctober 2014 The Ministry of Environment in Costa Rica is considering raising the ceiling on the amount of energy private generators are allowed to produce above the current 15%, but these companies are demanding the elimination of the ceiling and free competition.
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