08 March 2023 I Deals and Cases
Bär & Karrer Advised CIMO in the Negotiations with the Swiss Confederation regarding the Use of a Reserve Power Plant
CIMO Compagnie industrielle de Monthey SA entered into an agreement with the Swiss Confederation, under which the latter may use the thermic power plant Thermatel in Monthey as strategic backup source in case of electricity shortfalls. The power plant is already available in winter 2022/23 and currently provides approx. 40 MW of power. After a planned overhaul, the plant is expected to provide approx. 50 MW of power.
Bär & Karrer acted as legal advisor to CIMO. The team consisted of Luca Jagmetti and Thomas Rohde (both Corporate & Commercial).