The loan, in particular, is aimed at helping this small Central American country develop renewable energy projects.
Around $98m will be used to enable the completion of the Reventazon hydropower plant, which will feature an 8-km long dam.
The rest of the funds will be used to reinforce the Costa Rica’s electricity generation, transmission and distribution infrastructure, the bank said in a statement.
Costa Rica generated 2650 MW of electricity last year, with 77 per cent of that derived from renewable sources and 23 per cent from thermoelectric plants.
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