Instituto Costarricense de Electricidad (ICE) is looking for international partners to exploit geo-magmatic energy, as an option to generate low-cost energy.

Costa Rican President Óscar Arias, said that each kilowatt hour from a thermal plant costs to the country about 48 U.S. cents, while one from a hydropower plant costs 6 cents.

The Director of the Energy Control Center of ICE, Salvador López commented on the interest of the entity to try new techniques. In addition, he recapped  that ICE is looking for foreign partners for the project, which, thanks to the volcanic nature of the Costa Rican territory, might involve various exploitation sites.