IDB Approves $500m Line for Costa Rica Power

IDB Approves $500m Line for Costa Rica Power


The IDB has approved a $500m conditional credit line to support the 2008-2014 investment program of Costa Rica's state-owned utility, ICE. Loans granted from the line will be for 25 years, with a 5-year grace period and a variable interest rate. Local counterpart funds for these investments will total $120m, says the IDB. The resources will finance preliminary studies for new hydroelectric and geothermal generation projects, modernization of equipment at the Rio Macho hydroelectric plant and a p

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