Dominican Republic to Extend Incentives to Geothermal Energy (Lexology)
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| (Courtesy CIA.gov) |
The Executive Branch of the government of the Dominican Republic has submitted to the Senate a bill introducing amendments to Article 5 of the Renewable Energy Incentive and Special Regimes Law, promulgated on May 7, 2007 (Law 57-07). The main purposes of such amendments are to broaden the type of renewable energy projects eligible for the benefits contemplated by Law 57-07 so that these types of projects can also benefit from the incentives contemplated by such law.
The Bill contemplates the addition of the following paragraph (k) to Article 5 of Law 57-07 (Scope of Application):
“(k) Facilities that produce energy based on the use of the earth’s internal heat (geothermal), of any type and of any power level.”
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