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- W101790502 abstract "This paper discusses fundamental concepts to be considered in negotiating contracts for the sale and purchase of high temperature geothermal steam utilized for the generation of electric power. Although similar in some respects to natural gas sales contracts, contracts for the sale of geothermal energy are unique in many ways. In particular, the staged development of distinct power-generating units near supplying wells requires contractual mechanisms to permit buyer and seller to determine collectively how and when field expansion should occur. The possibility of premature reservoir depletion and technological difficulties necessitates carefully drawn escape provisions. Responsibility for high-cost gathering systems and reinjection facilities must be determined. Complex pricing formulas may reflect distributions of risks between buyer and seller. In the face of such difficult drafting problems, little precedent is available to assist the negotiator or the draftsman." @default.
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- W101790502 title "Geothermal sales contracts" @default.
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