Forcefield to Install 19,000 LED Street Lamps in Costa Rica

ForceField Energy Inc. (FNRG), a U.S. energy-efficiency company, plans to install 19,000 LED street lamps for Costa Rica utility Empresa de Servicios Publicos de Heredia.

ESPH, as the utility is known, will pay Forcefield more than $21 million over 10 years, the New York-based company said today in a statement. The deal is expected to be closed and financing secured by Sept. 30.

LEDs, or light-emitting diodes, may reduce energy consumption by as much as 70 percent compared with conventional lighting products, according to the statement.

To contact the reporter on this story: Stephan Nielsen in Sao Paulo at snielsen8@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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