Special Law for the development of the Hydroelectricity Tumarin Project (Law 695)

The Special Law seeks the development and implementation of a 253 MW hydroelectric project, establishing procedures to obtain the Environmental Permit, Special License for water use to generate electricity and the generation license. The Law establishes a differentiated fiscal incentive framework, a specified period for the project to be transferred to the State and a 10 % State participation share during the initial operation period. It is currently being reformed (Ref: 08.23.12).

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