News

New legislation in Mexico allows use of geothermal water for electricity generation

U.S.-Mexico Border at Tijuana, Mexico (source: flickr/ Casey Renner, creative commons)
Francisco Rojas 11 Mar 2015

The aim of the law is to make the market more enticing for private investors, attracting funds and develop the country's geothermal prowess, largely untapped.

A news source from Mexico explains the impact of the country’s recent energy reform, passed last year for the national geothermal industry, specifically with the new National Water Act. The new Water Act opens the door of geothermal water to be available to private investors for creation and distribution of electricity.   

The new Law on Geothermal Energy redefined what was meant by “geothermal water” and “hydrothermal geothermal reservoir”. By doing this redefinition, it allows private concessionaires to exploit hydrothermal and geothermal reservoirs, and make use of said resources for electricity generation.

The aim of the law is to make the market more enticing for private investors, attracting funds and develop the country’s geothermal prowess, largely untapped.

For more details, please follow the link below.

Source: SDP Noticias