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DANIDA finances 29 megawatt
1 July 1998
Two wind farms with a combined capacity of 29 MW are to be built in Costa Rica with support from the Danish overseas aid program, DANIDA. NEG Micon is to be the turnkey turbine supplier. The 22.7 MW Tierras Morenas Wind Farm will consist of 32, 710 kW units and the 6.4 MW Tejona Wind Farm of 16, 400 kW machines. Both projects are being financed through DANIDA "mixed credit" aid, consisting of grants and soft loans. The Tierras Morenas contract for DKK 129.3 million is fully financed by DANIDA, which is also providing DKK 40.4 million in "interest support." The aid organisation is also loaning DKK 44.2 million of the DKK 54 million contract price for the Tejona Wind Farm, backed by DKK 21.3 million in "interest support." NEG Micon will operate and maintain the Tejona wind turbines, adds DANIDA. The Tierras Morenas project is split into two components. The first is turbine supply, technical assistance and reserve components. The second comprises the project's infrastructure, including an upgrade of and connection to the Caroboci power plant. "The primary aim of the project is to contribute to the development of environmentally friendly energy production which the Costa Rican government gives high priority," says DANIDA.
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