LatinNews Daily - 24 February 2022

In brief: Australian firm signs MoU with Costa Rica on green hydrogen production

* Costa Rica’s state electricity firm (ICE) has signed a Memorandum of Understanding (MoU) with Australian infrastructure investment firm Kadelco, which seeks to identify conditions of electricity supply to produce green hydrogen in Costa Rica. According to a Costa Rican presidential press release, the document seeks to establish, among other things, mechanisms to exchange technical information as well as joint cooperation to facilitate the installation of Kadelco in Costa Rica. The MoU was signed at an event attended by Costa Rica’s President Carlos Alvarado, environment minister Andrea Meza, ICE’s director of electricity planning and sustainability Kenneth Lobo, and Kadelco’s CEO Faye Duncan. On 21 February the Alvarado government announced that at least three foreign firms, including Kadelco, were interested in constructing green hydrogen production plants in the country. The announcement is in line with the government’s decarbonisation plan and follows a decree inked in December 2021 by President Alvarado and Meza which aims to promote and incentivise the use of hydrogen and boost the green economy in Costa Rica.

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