The Reventazón Hydroelectric Project (PHR) cost about 5 times more than Route 27 and about 8 times more than the expansion of the Cachí Hydroelectric Plant.
Such a work required engineering ingenuity, experience, innovation, control, prudence. It required a financial engineering that was based on the long experience of the Costa Rican Electricity Institute (ICE) and the confidence of domestic and international financial organizations.
In fact, this project was a complex challenge to ICE and at the same time, the culmination of six decades of experience in financial schemes to electrical projects.
With the goal to round off a successful initial investment of 1,379 million dollars, the Institute used a mixed system, precisely leveraged by that experience and prestige in international financial organizations.
The 1,379,000 dollars are the result of a contribution of 152.5 million dollars from ICE, a 97.8 million-dollar credit line from the Inter-American Development Bank (IDB) and a joint credit between the Central American Bank for Economic Integration (CABEI) and the European Investment Bank (EIB) for 225 million dollars.
At the same time, the trust is taken into account since the Comptroller General of the Republic is integrated.
The Reventazón Hydroelectric Project’s joint funding scheme reflects how the ICE has been successful, despite the external obstacles. It aimed to guarantee power quality to every inhabitant of the country,
declared Luis Pacheco, manager of the ICE.