Bär & Karrer advised CIMO in the
negotiations with the Swiss
Confederation regarding the continued
use of a Reserve Power Plant

CIMO Compagnie industrielle de Monthey SA has entered into a new agreement with the Swiss Confederation for the continued use and upgrade of the thermic power plant Thermatel in Monthey as a strategic reserve power plant in case of electricity shortfalls. The agreement is subject to the respective credit being approved by the Federal Swiss Parliament. Under the new agreement, the plant would be converted into a dual-fuel installation and provide approx. 55 MW of power.

Bär & Karrer acted as legal advisor to CIMO. The team consisted of Luca Jagmetti, Sebastian Sutter (Energy & Natural Resources) and Teymour Bakhtiar (Commercial).