CONSAR publishes its 6th working paper “Pension Funds Investments in Infrastructure”

The document discusses the importance of infrastructure investments for economic growth and the role of pension funds in Mexico and throughout the world to finance its development.

This paper makes reference to successful experiences of countries like Canada and Australia, whose pension funds represent important investors in infrastructure, and describes the path followed by Mexico. Today, pension fund managers have a modest, but increasing, exposure to infrastructure, so there are significant opportunities for the growth in this asset class.

Source: Consar

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First Energy and Infrastructure Investment Trust (known as Fibra E) specialized in the electric sector in Mexico of MXP 16.4 billion

CFE issued the first Energy and Infrastructure Investment Trust (also known as Fibra E) specialized in the electric sector in Mexico. CFE raised MXP 16.4 billion through instruments placed in the Mexican Stock Exchange with a demand exceeding MXP 25 billion.

This transaction included the participation of institutional investors, private banks and investment funds in Mexico, the United States, Canada, Australia and Europe.

Source: CFE

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Results of the Fourth Tender of Round Two

  • 19 contracts for the exploration and production of hydrocarbons in deep waters of the Gulf of Mexico were awarded to 11 companies grouped in 11 bidders.
  • The awarded contracts have an associated investment over the next 35 years of approximately USD 92.8 billion.
  • The State will receive an average of 64.7% to 67.2% of the profits generated from the awarded contracts, as well as USD 525 million dollars derived from the winning offers.

• The prospective resources associated with the awarded contracts are 2,798 million barrels of crude oil equivalent.

Fuente: SENER

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Round 3.2: Second Tender of Exploration and Production License Contracts

Includes 37 conventional onshore areas , 21 of them located in the Burgos Basin, 9 in the Tampico-Misantla and Veracruz Basins, and 7 in the Southeastern Basins. All the areas to be tendered cover a surface of 9,513 square kilometers, that represent 1.5 times the surfaced involved in previous onshore tenders.

The ruling date is scheduled for July 25th, 2018.

Source: Mexican National Hydrocarbons Commission (CNH)

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Special Economic Zones (SEZ), committed investments of over USD 6.2 billion

Decrees of Declaration of the Special Economic Zones of Salina Cruz, Oaxaca, and Progreso, Yucatan.

Including these decrees, there are five SEZ with committed investments, to date of more than USD 6.1 billion.

President Enrique Peña Nieto signed today the Decrees of Declaration of the Special Economic Zones (SEZ) of Salina Cruz, Oaxaca, and Progreso, Yucatan, that form part of the compromises established by the Government, and said that at least 97 percent of these commitments will be fulfilled at the end of his administration.

Source: Presidency

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SENER announces the 1st. tender for the private participation in electric transmission lines electricity

The tender for the Interconnection Project of the Power Grid of Baja California with the National Power Grid under the new contracting model for electric transmission lines was announced.

The Ministry of Energy will carry out the tender for the financing, installation, maintenance, management and operation of the Interconnection of the Power Grid of Baja California with the National Power Grid. This is the first power transmission project to be developed under a Management Contract, according to the Electric Industry Law, which allows the participation of the private sector in the transmission of electricity.

SOURCE: SENER

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15 new clean energy plants located in eight states of the country

On November 22nd, , the ruling of the Third Long Term Electric Auction, carried out by the National Center for Energy Control and the Ministry of Energy, was announced and the assignees of the long term electricity coverage contracts was disclosed.

This contracts represent an approximate investment of USD 2.4 billion, and the construction of 15 new clean energy plants, located in eight states of the country that wil represent a total generation capacity of 2,730 MW.

The offered price for this auction of USD 20.57 per megawatt/hour is one of the lowest prices achieved internationally and Sonora, Nuevo León, Aguascalientes and Coahuila will be some of the beneficiary states.

Among the projects to be developed are included:

 

Source: SENER

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2017 long term auction preliminary results

The evaluation of the economic offers related to the Third Long Term Electric Auction of 2017 concluded successfully with the determination of preliminary results.
An investment of 2.369 billion dollars is estimated for 15 new electric power plants.
The results are subject to a validation process through CENACE. The official winning bids along with the ruling will be announced on November 22nd.

Source: SENER
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The Bidding Terms and Model Contract for Round Three First Call are published

• Round 3.1 includes 35 exploration and extraction areas in shallow waters of the Gulf of Mexico, to be developed through Shared Production Contracts.
• The technical and financial elements of the Contracts will allow the operating companies to develop the projects efficiently and guarantee the gathering of the oil revenue by the State.

Source: SENER
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NEW EXECUTION MECHANISM FOR ELECTRIC TRANSMISSION LINES

In order to accelerate the development of Transmission projects, the Electric Industry Law envisages that the State, through SENER (Ministry of Energy), may execute agreements with the private sector for the implementation of such projects.

Based on the above, SENER has designed the New Contracting Model for Electric Transmission Lines which will enable to:

1.- Carry out, through SENER, tenders for the assignment of contracts to the private sector, which in turn, will finance, develop and operate Transmission Lines projects derived from PRODESEN;
2.- Finance these projects with funds of the Wholesale Electricity Market, without the need of budgetary resources;
3.- Increase the participation of clean energies in the generation grid;
4.- Generate competition in the electric power transmission segment.

Source: SENER
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