In Costa Rica, the state-owned electricity company ICE is evaluating the renegotiation of prices and conditions in power purchase contracts with private generation companies.
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.
The state run power company is preparing a contest to award two private plants with a contract for the supply of 5 MW solar power each.
From a statement published in the Official Newspaper of Costa Rica, La Gaceta :
The Instituto Costarricense de Electricidad (ICE) wishes to communicate to those interested in participating in the sale of electricity generation, under Chapter I of Act No.
Keeping limits on private power generation blocks investments and removes the possibility of reducing prices and improving competitiveness.
According to the Costa Rican government authorities, the country's electricity demand is covered until 2019, an argument which has been used to rule out the draft Contingency Power Act, which proposed increasing private power generation in the country.