José Miguel Bustamante and Pablo Morales

Carey represents Codelco in amendment of PPA with Colbún

Carey has represented Corporación Nacional del Cobre (Codelco) in the amendment and recast of a Power Purchase Agreement (PPA) entered into with Colbún to supply renewable energy for Codelco’s total consumption, including the accreditation of renewable supply through the delivery of certificates (such as I-REC or similar).

This contract was initially signed to supply part of the consumption of Codelco’s divisions until December 2044.

The transaction was signed on 27 October, with Barros & Errázuriz (B&E) acting as advisor to Colbún. In addition, Asset / Moray advised on the financial aspect.

Thanks to this deal, it was possible to establish different supply periods with their own characteristics within the contract period, with the aim of moving towards a renewable supply accredited by a certification mechanism.

María Gabriela Campos and Rodrigo Pérez acted as in-house consultants for Codelco and Colbún, respectively.

B&E’s team consisted of partners Cristóbal Pellegrini and Luis Eduardo Toro, together with associate Javiera Lagos.

Carey’s team was led by partner José Miguel Bustamante (pictured left), with support from associates Pablo Morales (pictured right) and Santiago Lagos.

Carey represents Codelco in amendment of PPA with Colbún

L Giselle Estrada

The Latin American Lawyer is a bimonthly digital magazine, published by Iberian Legal Group, available in Spanish and Brazilian Portuguese. It represents the main source of information in the legal business sector in America Latina. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website

Iberian Legal Group
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram