Grupo ICE

Grupo ICE is a state-owned holding company in Costa Rica, established in 1949. It operates primarily in the electric energy and telecommunications sectors and is the parent company of the Instituto Costarricense de Electricidad (ICE), which provides electricity and telecommunications services across the country. In electric energy, Grupo ICE manages a significant portion of Costa Rica's infrastructure, with an installed capacity of 1,939.37 MW, accounting for about 79.27% of national production. The company emphasizes renewable energy, operating 40 plants that include hydropower, geothermal, wind, and solar sources. It also has a network of smart metering infrastructure to enhance service delivery. In telecommunications, Grupo ICE offers national telephony services, internet connections, and broadband services, covering 95% of the population. The company plays a vital role in supporting Costa Rica's development and sustainability goals through its focus on clean energy and modern telecommunications.

Utilities San Jose, Costa Rica Founded 1949 ~930 employees Private · Debt Financing

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Employees
930
Total funding
$150M
Last round Debt Financing, Apr 2023
H1B sponsor
NA

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Funding

  • Apr 2023 · Debt Financing · $150M · The Central American Bank for Economic Integration (CABEI)

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Grupo ICE FAQ

How many employees does Grupo ICE have?

Grupo ICE has about 930 employees (as of Nov 2025).

How much funding has Grupo ICE raised?

Grupo ICE has raised $150M in total funding; its latest round was Debt Financing in Apr 2023.

Data from Company Prospectus, DOL LCA disclosures, WARN notices and 6figr salary profiles.