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Costa Rica: Trust for Hydroelectric Project

The BCR, ICE and Electrical Service Administrative Board of Cartago (JASEC) signed a trust agreement to build hydroelectric project Toro 3.

Monday, November 1, 2010

©image: U.S. Army Corps of Engineers Nashville District

With capacity of 46 thousand kilowatts, the project involves a $ 160 million investment. It is expected to be operational in 2013.

La Prensa Libre reports, "The Bank of Costa Rica (BCR) as trustee in coordination with the Instituto Costarricense de Electricidad (ICE) and JASEC must provide 100% of the resources of project cost, through financial structuring, which seeks an appropriate balance between placement of securities or loans with national or international financial institutions.

Source: prensalibre.co.cr

Key entities

Bank of Costa Rica Costarican Institute of Electricity Junta Administrativa del Servicio Eléctrico Municipal de Cartago

Countries

Costa Rica

Insight

Trusts construction hydroelectric dams hydroelectric projects hydroelectricity hydroelectric Energy Infrastructure and Construction

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