Crafting regulations in emerging geothermal countries: The Peru example
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-; TRN: 97:002642-0077
- Resource Relation:
- Conference: Annual meeting of the Geothermal Resources Council, Portland, OR (United States), 29 Sep - 2 Oct 1996; Other Information: PBD: 1996; Related Information: Is Part Of Geothermal development in the Pacific rim. Transactions, Volume 20; PB: 886 p.
- Country of Publication:
- United States
- Language:
- English
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