Peru’s energy and mines ministry announced it is accepting comments to planned changes to the regulation of the geothermal resources law.

The new regulation will include substantial changes to the requirements and obligations of investors, a ministry release quoted power concessions director Mardo Mendoza as saying.

The goal is to guarantee energy supply and advance the diversification of the country’s energy matrix, said the ministry.

Peru does not boast geothermal power production although a number of companies are carrying out exploration including Vancouver-based Magma Energy (TSX: MXY).

Prefeasibility studies on geothermal power generation have determined potential capacity of 150MW at two fields in the Candarave area, 4,500m above sea level in Tacna region, BNamericas reported previously.

According to the ministry’s 2008-17 electricity reference plan, geothermal output is not envisioned to begin until 2015 with 25MW.

For the document, in Spanish, go to this link

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