More

    Costa Rica Secures $670 Million Loan for Hydroelectric Dam

    Must Read

    TCRN STAFFhttps://www.TheCostaRicaNews.com
    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!

    From Tico Times – The Inter-American Development Bank (BID) approved $670 million in loans to finance the Reventazรณn Hydroelectric Dam โ€“ the most complex hydroelectric project ever built in Costa Rica โ€“ near the Caribbean slope town of Siquirres.

    The 305.5 MW project is expected to provide energy for some 525,000 families and comes with an estimated price tag of $1.1 billion. It is slated to start generating energy in 2016 (TT, April 15, 2011).

    Funding for the project will go to โ€œthe design, construction, operation and maintenance of a 305.5 MW hydroelectric plant and its associated facilities including transmission lines, substations and access roads,โ€ according to the bankโ€™s website.

    Costa Rica currently generates about 90 percent of its electricity from renewable resources, namely hydroelectricity. The country aims to reach 95 percent renewable energy generation by 2014, and by 2021 โ€“ the same year it hopes to become the worldโ€™s first carbon-neutral country โ€“ Costa Rica wants to generate 100 percent of its electricity from renewable resources (TT, Dec. 08, 2011).

    This is extremely important for the land value of the Multi-Purpose Real Estate project in that area.

    Click the link BELOW to learn more about Real Estate in Costa Rica!

    www.PropertiesForSaleInCostaRica.com

    - Advertisement -
    ViaTCRN
    - Advertisement -

    1 COMMENT

    Comments are closed.

    - Advertisement -

    Subscribe to our newsletter

    Get all the latest news, events, offers and special announcements.

    Latest News

    Jake Paul, Mike Tyson’s Next Rival, Enjoys a Few Days in Costa Rica With His Girlfriend

    A few days of sun and sand in Costa Rica helped Jake Paul, boxer and YouTuber, prepare for one...
    - Advertisement -

    More Articles Like This

    - Advertisement -
    Language ยป