Application for grant of licence

In force

(1) The holder of a geothermal exploration permit may, at any time during the term of the permit, apply to the Minister for the grant of 1 or more geothermal retention licences if the permit holder:

(a) has given notice of the discovery of geothermal energy resources in the permit area as required by section 48; and

(b)

believes the resources are potentially commercially viable.

(2) A proposed licence area may comprise all or part of the permit area.

This Act’s bill:Explanatory statement Second reading speech

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22 Application for grant of licence