|Policy Type:||Economic Instruments|
|Agency:||Ministry of Energy and Mines; Ministry of Finance and Public Credit; Nicaraguan Energy Institute|
|Legal References:||Law No. 620: General Law on Water ; Law No. 272: Electricity Industry Law|
|Enforcement:||National Water Authority|
|Funding:||Government (National budget)|
|Penalty:||Penalties from 1,000 US$ up to 10,000 US$|
This Law has the objective to promote power generation using hydro resources, within a framework of sustainable use of water resources to help the promotion of social and economic development of the Nation. It provides with a variety of incentives that are applied only to new projects which main use of the water resource is hydropower generation with reservoir or run-of-river. Permitting regulations are established to obtain permits to use water for hydroelectricity projects.
Last modified: Tue, 11 Apr 2017 12:30:24 CEST