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Tuesday 25 March 008

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U.S. Crisis Will Affect Growth, Exports, Tourism in Costa Rica, Banco Central President Says
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Costa Rica Wins 3rd Consecutive Central American Surf Championship
Contraloría Denies ICE Power Plant Purchases


Contraloría Denies ICE Power Plant Purchases
The Contraloría General de la República (CGR) - Comptroller's office - has denied the Instituto Costarricense de Electricidad (ICE) authorization to purchase two thermal power plants from the Grupo Pujol-Martí citing that the purchase price as higher that the estimated value of the power plants.

ICE has so far paid us$22 million dollars to Pujol-Martí for the rental of the plants. The deal to purchase the plants is now for us$25 million.

ICE says it will continue to request the Contraloría for approval with a revised submission of new documentation that intends to sway the Contraloría's consideration.

The Contraloría's decision may affect ICE's short-term ability to provide enough power to meet the growing demands.

However, Elberth Durán, a spokesperson for ICE, says that the country's energy needs are not dependent on the rental or the purchase of the equipment, just that the Institución made the decision to purchase rather than rent.

Durán added that ICE may decide to renegotiate the purchase price with the Grupo Pujol-Martí before submitting a new request.

The plants that ICE intends to purchase are located in Limón and Orotina, Alajuela, and produce 24 Megawatts of power.
 

 

 

 
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