Sunday, March 2, 2008

Rio Terraba Hydro-Electric Lake Project

Arias gives a push to power project on Río Térraba

By the A.M. Costa Rica staff

President Óscar Arias Sánchez took action Wednesday to jump start the $1.8 billion hydro project on the Río Grande de Térraba in southwestern Costa Rica.

Technically Arias signed a decree that labeled the project to be in the public interest and convenience. The plan is to build a 220-meter (715-foot) dam, create a lake larger than existing Arenal and construct the associated facilities to generate power.

The presidential action cleared the way for the Instituto Costarricense de Electricidad to continue with soil studies and other research before the anticipated start of actual construction in January 2009. The project is supposed to be finished in 2016 and generate 630 megawatts of power.

Click here to read more about the Southern Zone Lake project...

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http://www.costaricasellers.com/Listing/Ocean_View/3.html

Keywords: Palmar Sur; Palmar Norte, Hydro-electric dam; Sierpe Valley