Lawsuit Over Hydroelectric is Rejected

In Costa Rica a lawsuit filed against the ICE by Unión Fenosa Generadora La Joya, has been rejected. The case included a $7.9 million claim for alleged overcharges for the suspension of a hydroelectric project in Turrialba.

Tuesday, July 18, 2017 reports that "...The case dates back to 2002 and relates to a BOT  - build, operate and transfer - contract signed between the ICE and the Spanish private generator to produce 50 Megawatts (MW) of energy with a water source in the canton of Turrialba."

"... In 2010, however, La Joya sued the ICE for $7.9 million seeking recognition of alleged overcharges which it may have incurred due to the suspension of the project, ordered by judicial and administrative authorities due to an impact on aquifers affected by the work."

"... With respect to the BOT contract and its nature, the Court recalled that in these projects "a total assumption of the risk is required by the builder not only in the design, execution and start-up of the work, but also in the exploitation of the work" the ICE said in a press release following resolution 67-2017-VIII of July 13, 2017."

More on this topic

The High Cost of Poor Management

November 2017

In Costa Rica, the state power company will have to pay $112 million to the contractor of the Chucás hydroelectric project, for "additional expenses that it authorized and then refused to recognize."

In the ruling issued by the International Center for Conciliation and Arbitration (CICA), to which the company Enel Green Power Costa Rica appealed to resolve a conflict that originated in 2015 due to an almost $148 million increase in the Chucás hydroelectric project, which has not yet been completed, it was established that Instituto Costarricense de Electricidad (ICE) acted with "bad contractual faith".

Costa Rica: New 50 MW Hydroelectric Power Station

November 2015

Operations have started at the Torito hydroelectric power plant, owned by the Spanish company Gas Natural Fenosa, which invested more than $190 million in the new plant .

The proposed construction and operation of the plant was awarded in 2008 by the Costa Rican Electricity Institute (ICE) to Gas Natural Fenosa, which will operate for a period of 20 years through its subsidiary Global Power Generation (GPG).

Construction of Hydroelectric Torito Starts in Costa Rica

June 2012

Gas Natural Fenosa has begun construction of the hydroelectric dam Torito, which will have an installed power of 50 MW.

The project will use the waters of Reventazón and will be developed by the company Unión Fenosa Generadora Torito S. A. This is the second hydroelectric plant to be built by Gas Natural Fenosa in the Central American country.

Spanish Firm Wins $29 million Hydroelectric Contract

March 2012

Spanish company Copisa will build a 50 megawatt plant in Pavones, Turrialba.

The construction firm Copisa has been awarded the contract for construction of a hydroelectricity plant to generate electricity in Pavones, Turrialba in Costa Rica, on behalf of Union Fenosa Generadora Torito, this country’s subsidiary of the Gas Natural Fenosa group.

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AES Changuinola

In late 2005, AES began developing the Changuinola hydro power project and currently the project is in the phase of building the roadways to access that facility. The formal cornerstone laying ceremony took place on October 25, 2007. The project's total completion represents an investment of approximately $563 million and the estimated date for the Changuinola hydro power plant to go into commercial operation is the first quarter of 2011. Through this new facility, AES contributes to the country's development and helps face the growing demand of energy in Panama, which requires an additional 50 MW each year. The construction of the new Changuinola I Hydro Power Plant: * is an asset to Panama * will generate clean and 100% Panamanian energy * will create opportunities for previously excluded populations * will contribute to solve the country's energy situation * will help Panama to continue growing The construction and operation of the hydro power plant will be under the responsibility of AES, a multinational energy corporation with world-class standards and an active presence in Panama.
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