tender: pre-investment studies on electrical generation projects from ncre sources august 2012
TRANSCRIPT
Tender: Pre-Investment Studies on Electrical Generation Projects from NCRE sources
August 2012
• To foster and speed up investment decision-making on projects of electrical energy generation from NCRE sources in Chile.
• Co-financing of pre-investment studies.
• NCRE projects that inject energy and power to the interconnected systems (SIC and SING).
Context
Specific objectives
• Developing the project portfolio
• Incorporating new players to the electricity market
• Contributing to diversify Chile's energy mix.
Study types
• Determining prefeasibility and feasibility
• Prospecting• Engineering
(up to Basic engineering)
• Environmental studies
Beneficiaries
• Chilean and foreign private companies, constituted of natural persons or legal entities
Grant amount
• Co-financing up to 40% of the value of the pre-investment study(ies), with a ceiling of UF 1,000 (Chilean indexation unit) per project
Objective
Application
through CORFO
correspondence
office
Background
information and
eligibility analysis
Evaluation
Allocation ranking
Allocation of
funds and
agreement
formalization
Follow up (up to 2 years)
Reimbursement
against final
report approval
and expense report
Phases
Affidavits
Application form for pre-investment studies
– General information – Pre-investment study planning– Curricular background of the company and the
consultant team in charge of the study– Information to prove access rights to the
resource
Legal and administrative information and documents
Application
1
2
3
Holder profile
Candidates who do not have annual sales in Chile over UF
10,000,000
Evidence by affidavit
Project type
No CORFO co-financing since 2010
NCRE according to Law 20257
Investment projects over 7,000 UF
Projects that are not under construction, equipment
purchase or financial closure
Eligibility
The same company may be the beneficiary of up to three applications, provided they involve different projects
Evaluation commission
Evaluate eligibility
Evaluate relevance of the
studies
Recommend maximum co-
financing
Project strength (40%)
Business model strength and project risk
management
Consistency of implementation deadlines
Progress degree of the project and/or previous
studies
Study strength (40%)
Quality of the formulation of the Terms of reference
Incidence of the grant on the investment decision
Relevance of the study for the current stage of the
project
Experience of the team that will develop the study (20%)
Specific experience of the consultant
team
Evaluation
Allocation ranking delivered by technical evaluators
CER Board of Directors
Approve, reject or modify the proposed
allocation
Require technical and/or budgetary
modifications to the proposals
Allocation
• CER may conduct site visits and require technical and financial information as it deems necessary to verify whether the study is being conducted according to the provisions.
Follow up
Reimbursement
Delivery of the pre-investment study final
report
CER evaluation of the results of the pre-investment study
contained in the final report
Reimbursement
