Japan Lends Costa Rica $554 Million to Boost Geothermal Power

JICA, Japan’s development agency, will provide 56 billion yen ($555 million) of debt to develop Costa Rica’s power industry, especially geothermal energy.

The funds will help finance the Las Pailas II, Borinquen I and II geothermal projects, the Costa Rican government said on its website Nov. 19. JICA is officially known as the Japan International Cooperation Agency.

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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