Fitch: Government Strategy Drives Investments in Costa Rican Electricity Sector
Grupo ICE is the integrated utility that fully controls the sector. The company is building the biggest hydro plant in Central America, PH Reventazon, with a capacity of 305MW. Grupo ICE expects to finance its investments with a combination of internal cash flow; debt; build, operate and transfer transactions; project finance vehicles; and operating leases. The government expects that independent power producers (IPP) will build plants and sell the energy to Grupo ICE. There is nearly 400MW to be assigned to IPP to use to generate electricity from renewable resources, mainly from hydro and eolic plants.
The full report 'Costa Rica Electricity Sector - Strong Relation to Government Strategy ' is available on 'www.fitchratings.com' or by clicking on the link below.
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