Now there is another good / news bad news scenario, according to a TEC University investigation.
According to the study, the Arenal dam is 9 metres above its projected level and could flood if certain steps are not taken.
Carlos Roldán told CRhoy.com that the ICE power production division could lose between US$30 million and US$50 million dollars. However, Luis Pacheco, Electricity Manager for ICE, stated that the entity is taking steps to eliminate the threat of flooding. And categorized the overfilled reservoir as a “strategic asset” for the future.
Costa Rica and Panama have both been exporting surplus power to Central American countries, which has resulted in a reduction of the price those countries will pay for power, Roldán estimates losses of US$11 million dollars over the next few months if the price per Megawatt Hour hovers around US$50, instead of the US$93 it has traditionally commanded.
Article by iNews.co.cr, with editing by the Q.