Bonding Requirements for Exploration, Utilization, and Transmission on Public Land
- Key words
- Ormat Technologies Inc.; permitting; reclamation; bonding requirements
- Location
- United States
- Conference
- Geothermal Resources Council Transactions
- Year
- 2011
- Session
- Permitting; Leasing; Financing; Laws and regulations; Risk m
- Language
- English
Abstract
Every phase of geothermal development brings with it a potential obligation for bonding and the need to commit capital or credit. Developers must include reclamation for both successful and unsuccessful projects, and the bonds required to ensure performance, in their business models.
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