Energy Law urgently need in Costa Rica
The business sector is pressing for a law that allows for the concession of water to private firms to build hydroelectric dams to be approved.
Friday, September 26, 2008
The Costa Rican Union of Chambers and Association of Private Companies (UCCAEP) stated in a release that it is necessary for "private companies to be able to start meeting the energy needs of the country, thereby avoiding rationing and huge increases" in electricity rates.
Costa Rican business associations are asking the government to declare an emergency in the power sector because of the sustained increase in the costs of fuel for generation.
Both the Costa Rican Union of Chambers and the Presidency have said that Congress should fasttrack the approval of the Electricity Contingency Act.
An editorial in Nacion.com describes the limitation imposed by the law on the investment of private capital in electricity generation as "a cap on development" .
President Chinchilla has called on Congress to deal with the project for a law deemed essential by the industrial sector.
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