Country:Nicaragua
Year:2002
Policy status:In Force
Jurisdiction:National
Date Effective:2002
Date Amended:

2003, 2006, 2008 and 2010

Policy Type:Economic Instruments
Policy Target:Geothermal
Policy Sector:
Agency:Ministry of Energy and Mines (MEM), Ministry of the Environment and the Natural Resources (MARENA), Nicaraguan Energy Institute (INE)
URL:http://www.mem.gob.ni
URL:http://www.asamblea.gob.ni
Legal References:Regulation on the Law No. 443: Law on the Exploration and Exploitation of Geothermal Resources
Enforcement:Decree No. 45-2010
Funding:National budget
Evaluation:National review
Penalty:Penalties up to 100,000 US$. For further information, please refer to the Decree No. 45-2010
Description:

It aims to promote and establish the basic conditions governing the exploration and exploitation of the country's geothermal resources to exclusively generate electricity. It sets the functions of the organs of the State; the modalities of the participation of natural or legal persons (whether public, private or a mix) interested in the exploration and exploitation of renewable resources; and the developing a framework of fiscal incentives, tax charges (fees and taxes), as well as sanctions and project monitoring.

Last modified: Thu, 21 Mar 2013 10:20:47 CET