Ice Investment Program Tender

COMPANY NAME
Costa Rican Electricity Institute

PROJECT NUMBER
15484-01

Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.

E&S CATEGORY tooltip
B

COUNTRY

Costa Rica

SECTOR

Energy

STATUS
Proposed

DISCLOSED DATE
07/11/2025

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

PROJECTED BOARD DATE tooltip
10/07/2025

APPROVAL DATE
N/A

SIGNED DATE
N/A

SPONSORING ENTITY
N/A

INVESTMENT OPERATIONS DEPARTMENT CONTACT
Infrastructure and Energy Division

INVESTMENT TYPE
Loan

SYNDICATED AMOUNT
N/A

FINANCING AMOUNT
USD $ 79,000,000

CURRENCY
USD
Project scope and objective
The transaction consists of a loan of up to US$100 million to support ICE’s digitalization and infrastructure modernization efforts focused on the replacement of conventional meters and the increase of the renewable energy generation capacity. This transaction is expected to deliver a significant development impact, supporting Costa Rica’s sustainability goals through the improvement of energy efficiency, expansion of the renewable energy program, and technological modernization of the electric grid.