Country:Nicaragua
Year:2005
Policy status:In Force
Jurisdiction:National
Date Effective:2005
Date Ended:2015
Policy Type:Economic Instruments
Policy Target:Multiple RE Sources
Policy Sector:
Agency:Ministry of Energy and Mines (MEM), Ministry of Finance and Public Credit (MHCP)
URL:http://www.mem.gob.ni
Legal References:Inter-Ministerial Agreement 04-2007, Inter-Ministerial Agreement 01-2008, Inter-Ministerial Agreement 02-2010
Evaluation:National review
Description:

It seeks to promote, through fiscal incentives, the development of new power generation projects using renewable energy resources and projects in operation that increase the installed generating capacity from renewable sources, as well as power generation project that use biomass and or biogas in a sustainable manner. The Law defines renewable sources as those that exist in nature, and can be extracted in a sustainable way and are capable of producing electricity. The renewable sources include: hydro, wind, solar, geothermal, bioenergy and others. In the case of biomass It refers to all organic resources that can be used for energy production and are produced indigenously and sustainably.

In 2015 benefits granted by the programme wil expire. 

Related policies:Electricity Generation Expansion Plan (2013-2027)

Last modified: Thu, 09 Oct 2014 17:23:22 CEST