Carey advised CBRE Chile in the tender process for the supply of energy to 40 commercial buildings
October, 2017 - Santiago, Chile
Carey advised CBRE Chile in the tender process for the supply of energy to 40 commercial buildings under the management of CBRE Chile. The advice involved the legal and regulatory analysis regarding the applicability of free negotiated tariff to the buildings; structuring the tender process, including drafting the tender terms and conditions, invitation and Q&A letters. Also it included the assessment of the bids submitted; and the negotiation of the PPA with AES Gener Chile, the awarded bidder.
The advice was highly innovative due to it was the first time that in the legal market was identified and proposed to a client- based on recent amendments to the Electricity Law and the changes that occurred in the market - the possibility of obtaining savings in electricity rates payable by commercial buildings, by contracting supplies directly from generators, at a freely negotiated price.
Carey advised CBRE Chile through a team led by partner José Miguel Bustamante and associates José Tomás Hurley and Juan de Dios Vial.
