More
    Array

    First of Three ICE Geothermal Projects in Guanacaste Becoming a Reality

    Must Read

    7 Reasons Why You Should Go On a Vacation after Your Exams

    So your exams are over and you desperately need to unwind. All...

    The BPM Festival Returns to Costa Rica in 2021

    The BPM Festival has announced its return to Costa Rica in 2021, for the second annual Tamarindo, CR edition slated for March 3rd - March 7th

    Guava Producers in Costa Rica take Important steps for Exporting the Fruit

    The improvements made to the infrastructure and equipment of the Food Processing and Marketing Center (CEPROMA) in Río Grande de Paquera
    TCRN STAFFhttps://www.TheCostaRicaNews.com
    Creating a Conscious alternative news network that we feel the world needs. Pura Vida!

    The Costa Rica News (TCRN) – Three geothermal projects to be constructed ​​in Guanacaste as part of a sector loan are being finalized with the government of Japan. The first is the Pailas II project, which is already in progress.

    On July 3, the agreement was approved, which will allow ICE to have a loan of $958 million. Of this, $644 million is coming from the International Cooperation Agency (JICA) and $70 million from the European Bank, with the remaining resources provided by the entity.

    The other contracts that need to be signed are for Borinquen I and II . At the Pailas II site, drilling is already underway, as well as the specifications of electromechanical equipment, civil designs, purchases and associated project management plan.

    “According to the program, Borinquen I will begin in 2018 after Pailas II ends, where we will start a  drilling program in mid-2016 to late 2018 and early 2019 we will start the drilling for Borinquen II,” reported Luis Pacheco Morga, Manager Electrical ICE.

    These projects are intended to help reduce pollution and production costs in Costa Rica. Pacheco did not confirm the deadlines for when the plants would be producing power for the benefit of the country.

    The Costa Rica News (TCRN)

    San Jose, Costa Rica

    - Advertisement -
    - Advertisement -

    Latest News

    7 Reasons Why You Should Go On a Vacation after Your Exams

    So your exams are over and you desperately need to unwind. All...

    The BPM Festival Returns to Costa Rica in 2021

    The BPM Festival has announced its return to Costa Rica in 2021, for the second annual Tamarindo, CR edition slated for March 3rd - March 7th

    Guava Producers in Costa Rica take Important steps for Exporting the Fruit

    The improvements made to the infrastructure and equipment of the Food Processing and Marketing Center (CEPROMA) in Río Grande de Paquera

    Aeromexico Resumes its Flights to Costa Rica

    Aeroméxico restarted its operations at the Juan Santamaría International Airport this Sunday, October 18th, with three flights...

    Vehicle License Plate Restriction Eliminated for Weekends

    The sanitary vehicle restriction will be suspended during the weekends and the circulation schedule will be extended...
    - Advertisement -

    More Articles Like This

    - Advertisement -
    Language »