The first stage of construction ended yesterday in record time, with the excavation of two tunnels that will be the Reventazón hydroelectric plant.

Check the importance of this Hidroelectric Plant for Costa Rica in this other Exclusive Real Estate News

Reventazón hidroelectric plant now is 21% complete, it's estimated that it will be finished around December 2015, and that the generation of 305 megawatts in 2016 will benefit 530,000 families.

After our president Laura Chinchilla pushed the button that detonated the explosives, the tunnel was opened right at 200 meters below the mountain.

The underground pipes would deviate the course of the river in order to build the dam with a height of 130 meters.

The new plant will be in Florida Siquirres, in the province of Limón, and the total investment is estimated at $1,200 million, nearly 14.5 times the cost of building the National Stadium.

1,700 workers are now helping to build this dam, for this work, it requires both private and public investment. One option being discussed is an alliance either with the state-owned China or Brazil Sinohydro Electrobras.

The project is being financed with equity, we also accompany the Inter-American Development Bank and European Investment Bank.

In the demolition event were also present Theophilus Tower, Minister of Environment, Energy and Telecommunications; Eduardo Doryan, chief executive of ICE, and José María Rico and José María Rico Chinchilla, husband and son of the President.