Complaint > Reventazon Hydroelectric Power Project

Timeline: Preparation of Draft Recommendation and ToRs due date

...cash compensation at full replacement cost following laws and regulations applicable in Costa Rica.”21 It adds that the criteria for land valuation are described in the strategic framework and that the land expropriation process and corresponding compensation are under judicial review in the national courts. IV. THE MICI PROCESS TO DATE 4.1 The Request was received by the MICI on 16 September 2016. In accordance with the ...

Complaint > Reventazon Hydroelectric Power Project

Management Response: Management Response

...cash compensation at full replacement cost following laws and regulations applicable in Costa Rica. The criteria for land valuation are also detailed in the Marco Estrategico. The land expropriation process and related compensation are currently under judicial review in Costa Rica. 4.4.3 It is also worth noting that as part of the implementation of the Project, ICE has acquired approximately 1,900 hectares extending to 137 properties. These processes e...

Complaint > Reventazon Hydroelectric Power Project

Eligibility: Eligibility Memorandum Public Disclosure

...cash compensation at full replacement cost following laws and regulations applicable in Costa Rica.”12 3.13 In its Response, Management notes the existence of five legal cases pending in Costa Rica on matters concerning the Request, as indicated in Table 2. However, it must be noted that the second and fifth cases are the same. As a result, it would appear that there are four active legal cases. ...

Complaint > Reventazon Hydroelectric Power Project

Management Response: Management Response

...cash compensation at full replacement cost following laws and regulations applicable in Costa Rica. The criteria for land valuation are also detailed in the Marco Estrategico. The land expropriation process and related compensation are currently under judicial review in Costa Rica. 4.4.3 It is also worth noting that as part of the implementation of the Project, ICE has acquired approximately 1,900 hectares extending to 137 properties. These processes e...