650 MW Hydro Project Cancelled

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.

Friday, November 2, 2018

Authorities of the Costa Rican Electricity Institute (ICE), informed that decided to cancel the hydroelectric project due to the fall in national energy consumption and because the country has sufficient installed electricity capacity to meet demand in coming years.

See "Central America: $1.6 billion in Energy Projects"

The executive president of ICE, Irene Cañas, said to Nacion.com that "... Diquis' cancellation also implies suspending the consultation of the indigenous people of the area and the withdrawal of the project to the National Environmental Technical Secretariat. In addition, the conclusion of the environmental viability of the project is suspended and relations with communities of direct influence and regional institutions involved are ended."

The article reviews that "... For six years, the Institute invested $146 million in the project and these costs will not be transferred to tariffs, according to Cañas. The official explained that this money has already been spent by the entity and this affects its finances."

ICE has been debating the controversial Diquis hydroelectric project for ten years. See here the detail of everything about this project since 2008.

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