Crafting regulations in emerging geothermal countries: The Peru example

Conference · Tue Dec 31 04:00:00 EST 1996

OSTI ID:494400

Armstrong, A J

Conventional wisdom holds that no prudent investor or lender will ante up a penny of investment money in a geothermal project unless and until there is a geothermal resources law in place. Since every law depends on a regulatory regime to make the law work in actual practice, implemented regulations are equally important conditions precedent for geothermal development. In recognition of the importance of assisting geothermal regulatory development in the emerging geothermal countries of Latin America, during the 1995 to 1996 timeframe, the Geothermal Energy Association has acted in an advisory capacity to the Ministry of Energy and Mines of Peru, in the drafting of geothermal regulations for Peru. These regulations are designed to promote developmental investment in the geothermal resources of Peru, while simultaneously establishing reasonable standards for the protection of the people and the environment of the country. While these regulations are specific to Peru, they may well serve as a model for other countries of Latin America. Thus, the lessons learned in crafting the Peru regulatory regime may have applicability in other countries in which the geothermal industry is now working or may work in the future.

• OSTI ID: 494400
• Report Number(s): CONF-960913--
• Country of Publication: United States
• Language: English

Related Subjects

15 GEOTHERMAL ENERGY
29 ENERGY PLANNING, POLICY, AND ECONOMY
ENERGY POLICY
GEOTHERMAL ENERGY
GEOTHERMAL INDUSTRY
GEOTHERMAL RESOURCES
PERU
REGULATIONS
RESOURCE DEVELOPMENT