Reventazon Boosts Both Power And Construction Growth
BMI View : As the Reventazon hydropower project is gaining momentum - backed by new IDB loan - Costa Rica's power will see a boost of growth. Furthermore, on the back of necessary auxiliary infrastructure builds, the country's construction sector will likewise see a bump in its forecasts.
The Inter-America Development Bank (IDB) has recently approved an additional US$200mn in non-sovereign guaranteed (NSG) 20-year loans to fund Central America's largest renewable energy project - the Reneventazon hydropower project in Costa Rica. NSG instruments are a tool commonly used by development institutions to facilitate private sector investment in creditworthy projects which have a positive impact on development.
In a press release, the IDB, which already have provided a US$670mn loan for the power plant, stated that the project will 'not only help Costa Rica address its growing demand for electricity, but also contribute to the country's goal of reducing its carbon emissions'.
|The Reventazon Effect|
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