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Mexican Energy Reform set for regulatory approval

Mexican Energy Reform set for regulatory approval Mexico City Cathedral, Mexico (source: flickr/ Francisco Diez, creative commons)
Francisco Rojas 18 Nov 2014

The new Energy Reform will soon be implemented and some of the changes for the geothermal industry, imply that exploration permits and concessions will now be directly negotiated with the Secretariat of Energy.

Power Engineering International has just revealed that the Mexican energy reform bill is moving forward and has “reached the final stage of its regulatory period. The approval of the rules that will develop the reform is imminent. This was announced by Pedro Joaquin Coldwell, Energy secretary of the federal government. Coldwell said during Mexico’s Business Summit 2014 that there will be approved 25 rules.”

The following steps will be the actual implementation of the law, which will start happening gradually.

Regarding the actual geothermal energy sector, PEI informs that “Geothermal energy will receive special treatment. This renewable energy source has a potential of 61,178 GWh per year, but currently only 10 per cent of that amount is generated, according to figures from the National Energy Institute. Mexico is the world’s fourth country with biggest geothermal reserves. This fact drove the approval of a Geothermal Law that establishes specialities for this energy source. For instance, exploration permits and concessions will be directly negotiated with the Secretariat of Energy. Before the Geothermal Law it was compulsory talking to the Energy Regulatory Commission ”

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Source: Power Engineering International