PROJECT

Projects

Summary of Investment Information

Project Number

31383

Company Name

Fideicomiso Uno P.H. Reventazon /I.C.E./ Scotiabank 2013

Date SPI Disclosed

Jun 29, 2012

Country

Costa Rica

Region

Latin America and the Caribbean

Projected Board Date

Sep 27, 2012

Environmental Category

A - Significant

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry INF LAC & EUR

Industry

Infrastructure

Previous Events

Approved : Nov 29, 2012
Signed : Dec 20, 2013
Invested : Mar 28, 2014

Sector

Large Hydro - Renewable Energy Generation

Project Description

The project consists in the development, construction and operation of a 305.5 MW hydropower generation plant (the “Project”) in the Reventazón river basin located in Siquirres, province of Limón, Costa Rica. The construction process has started and the Project is expected to start operations in 2016. The Project is expected to generate around 1,400 GWh annually, on average, once operational; representing around 10% of the energy expected to be produced in Costa Rica by then.

The Project will be developed through a special purpose vehicle (Fideicomiso Reventazón or the “Trust”, a Costa Rican trust). The Trust is expected to lease the Project to Instituto Costarricense de Electricidad (“ICE”) when operational.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation