Costa Rica’s Borinquen Geothermal Plant Advances With Major Contract
Costa Rica’s state electricity company has moved Borinquen I one step closer to completion, awarding a contract worth nearly $100 million for the main electromechanical equipment needed to bring the long-delayed geothermal plant into operation. The Instituto Costarricense de Electricidad ( ICE ) approved the contract for the design, supply, supervision, testing and commissioning of the generation equipment for the Borinquen I Geothermal Project in Liberia, Guanacaste. The plant is expected to add 55 megawatts of firm power to Costa Rica’s electrical system and become the country’s eighth geothermal plant. ICE says the project is now more than 55% complete and currently employs more than 500 people. The latest award covers the equipment that forms the core of the plant’s generation system. That includes the generating unit powered by volcanic steam, related systems and equipment, and the cooling tower. ICE expects to sign the contract during the second half of 2026, with constructi...