Costa Rica Hydroelectric Plant Gets $200 Million IDB Loan

The Inter-American Development Bank will provide a $200 million loan to help build a hydroelectric plant in Costa Rica’s Limon province.

The loan from the Washington-based lender will help design, construct and operate the 305.5 megawatt plant, the IDB said in an e-mailed statement today. When finished, the plant will represent about 10 percent of the Central American country’s total electricity generation capacity, according to the statement.

The plant will be Central America’s biggest renewable energy project.

To contact the reporter on this story: Bill Faries in Miami at wfaries@bloomberg.net

To contact the editor responsible for this story: Harry Maurer at hmaurer@bloomberg.net

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