|Year:||2014 (Aug 11th)|
|Policy status:||In Force|
|Date Effective:||2014 (Aug 11th)|
|Policy Type:||Regulatory Instruments>Codes and standards|
|Size of Plant Targeted:||Small and Large|
|Legal References:||la Ley de Energía Geotérmica|
This Geothermal Law is one of the "21 secondary laws" passed by the Mexican legislation after the constitutional reform. This particular law included following statements that have a key impact on geothermal energy sector in Mexico. The law:
The concessions can last up to 30 years, cannot be sold but can be transferred after formal notification.
According to the law explorations permits require the deposit of a refundable guarantee of 1% of total planed exploration budget. Exploitation concessioners require the deposit of a guarantee of 0.5% of total investment required until commercial operation, at which point it is refundable.
Last modified: Mon, 30 Nov 2015 19:41:13 CET