Summary sheet
- Energía - Electricity, gas, steam and air conditioning supply
The project consists of the expansion of an existing Hydropower plant in Costa Rica
The project will provide for growing electricity demand from a renewable energy source, supporting the EU priority target of climate change mitigation. The project is in line with the External Mandate by promoting environmentally sustainable energy and financing the plant would contribute to the Bank's energy lending objectives related to renewable energy. The project will provide the central and most populous region of the Costa Rican electricity network with renewable energy.
ESIA process (including public consultation) has been approved by competent environmental authority SETENA. The project utilises an existing reservoir that has been established almost 50 years ago for increased electricity production that adapts better to electricity demand. The results of the ESIA did not show significant residual negative impacts.
The Bank will require the promoter to ensure that implementation of the project will be done in compliance with the Bank's Guide to Procurement.