Tuesday, July 28th, 2015 | USD: Buy 528.39 / Sell 540.72
The new facility of the Costa Rican Electricity Institute (ICE) aims to generate an additional 190 Gwh of electricity per year, enough to power 60,000 households.
Construction of the hydro plant began in 2007.
Teofilo de la Torre, chief executive of ICE, said the startup of Toro 3 would increase system capacity by 49 MW, and would help meet electricity demand while reducing the need for petroleum fuel – based generation.
Toro 3 was developed through a trust with the Bank of Costa Rica (BCR).
President Laura Chinchilla and the Minister of Environment, Energy, and Telecommunications, Rene Castro, were both present for the inauguration ceremony.