Project

DESIGN, CONSTRUCTION, EQUIPMENT, INSTALLATION, OPERATION AND MAINTENANCE OF A PHOTOVOLTAIC CENTRAL IN THE STATE OF BAJA CALIFORNIA.

Sector: Electricity


Last Revision

February 01, 2024
 
Short Name of the Project:
0535 CENACE: 2nd Long Term Power Auction (SLP-1/2016) Rumorosa Solar
Type of Investment:
Brownfield
Subsector:
Solar Power
Asset (s):
 Solar Farm 44.60 MW 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

1,052,420,000

Estimated Investment USD:

61,545,029

Exchange rate (USD/MXN) used by the Ministry of Finance for the economic plan 2024: $ 17.1
Contract Scope:
  Design,  Construction,  Equipment,  Installation,  Operation,  Maintenance

DESCRIPTION

The project consists of the design, construction, equipment, installation, operation and maintenance of Rumorosa Solar photovoltaic power plant with a total production capacity of 44.6 MW in the state of Baja California. The plant has the following features:
Power Zone: Baja California
Export Area: Baja California
Export Subarea: Baja California-Mexicali
Price Area: Mexicali
Interconnection Zone: RUMOROSA RUM-69

Energía Sierra Juárez Holding, was assigned the following contract through CENACE's 2016 long-term power auction:

Contract number: SLP2016010032-07 related to:
- Energy for 114,115 MWHr/Year during 15 years, with an offered price of MXN$$37,528,085
Contract number: SLP2016010032-08 related to:
Renewable Energy Certificates (CEL) for 275,502 CEL/Year during 20 years, with an offered price of MXN$31,004,705

LEGAL AND FINANCIAL STRUCTURE

Type of Project
  Private
Type of Contract
  Assignment
Term
15 years
Selection Process
Public Auction
Financing Sources
Private
100 %
MXN
1,052,420,000
USD
61,545,029
Payment Source
Project revenues / Rate
Electric Coverage Contract between “Suministro Básico” (Public Service Regulatory Entity) and the Generator.

STATUS

Stage
  Operation
Substage
  < 5 years of operation
RELEVANT DATES
Request for proposals/Announcement April 29, 2016
Proposals Reception August 01, 2016
Ruling September 28, 2016
Execution/Construction Starting Date September 2018
Operation Starting Date April 2020
Term of the Contract 2034
Contractor
Energia Sierra Juarez Holding  
Major Contractor’s Shareholders
Ienova, InterGen

GEOLOCATION

State(s)
Baja California   

Entity in charge of controlling the possession of communal land, as well as providing documentary legal security derived from the application of the Agrarian Law, and is the operator of the Geospatial Information System (SIG).

SPONSOR

SUSTAINABLE INFORMATION

PROJECT’S SUSTAINABILITY SUMMARY

The Project consists in generating clean energy, with the use of photovoltaic technology, and considers sustainability practices in environmental and social aspects, too.

* This summary was prepared based on the methodological framework defined by the Inter-American Development Bank (IDB) in the document entitled: “Attributes and Framework for Sustainable Infrastructure”, which is You can check Here.

Additionally, a brief explanation of the methodology and a summary of the questions applied can be consulted in this Document.

ADDITIONAL INFORMATION

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Source
Secretaría de Medio Ambiente y Recursos Naturales
Description
Federal government entity and sectorial authority responsible for establishing the necessary criteria and instruments to guarantee the protection, preservation, and use of natural resources, by developing an environmental policy that ensures sustainable growth.
ID
02BC2017E0093
Permits
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Source
Centro Nacional de Control de Energía
Description
Public entity whose objective is to exercise operational control over the national electric system and the operations of the wholesale electricity market, and to guarantee impartial access to the national transmission network and to the general distribution network
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Source
Comisión Reguladora de Energía
Description
The Energy Regulatory Commission is an independent regulatory entity that fosters the efficient growth of the sector, as well as of a reliable power supply. Its mission is to regulate the activities of the power industry in a transparent, impartial, and efficient manner, in order to generate the required certainty that encourages productive investment, promotes healthy competition, and generates an adequate coverage of services.
ID
E/1904/GEN/2017
Permit
ID
Proemio: E/1904/GEN/2017
Resolutions More information

REMARKS

The electricity generation project is carried out in two stages:
Stage 1: starting operations in June 2019 for the generation of 41 MW.
Stage 2: starting operations in April 2020 for the generation of 3.6 MW.

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