Project

DESIGN, CONSTRUCTION, EQUIPMENT, INSTALLATION, OPERATION AND MAINTENANCE OF A PHOTOVOLTAIC POWER PLANT IN THE STATE OF AGUASCALIENTES.

Sector: Electricity


Last Revision

February 01, 2024
 
Short Name of the Project:
0563 CENACE: 2nd Long Term Power Auction (SLP-1/2016) Tepezala II
Type of Investment:
Brownfield
Subsector:
Solar Power
Asset (s):
 Solar Farm 100 MW 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

2,055,600,000

Estimated Investment USD:

120,210,526

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 “Tepezalá II” photovoltaic power plant with a total production capacity of 104 MW in the state of Aguascalientes. The plant has the following features:
Power Zone: National
Export Area: “Occidental”
Export Subarea: “Occidental-Centro”
Price Area: Aguascalientes
Interconnection Zone: SAN ANTONIO SAN-115

Consorcio SMX, was assigned the following contracts through CENACE's 2016 long-term power auction:

Contract number: SLP2016010193-05 related to:
- Energy for 278,358 MWHr/Year during 15 years, with an offered price of MXN$85,676,345
Contract number: SLP2016010193-06 related to:
- Renewable Energy Certificates (CEL) for 285,606 CEL/Year during 20 years, with an offered price of MXN$75,643,493
Contract number: SLP2016010128-04 related to:
- Power for 10 MW/Year during 15 years, with an offered price of MXN$5,745,600

LEGAL AND FINANCIAL STRUCTURE

Type of Project
  Private
Type of Contract
  Assignment
Term
15 years
Selection Process
Public Auction
Financing Sources
Private
100 %
MXN
2,055,600,000
USD
120,210,526
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 January 31, 2017
Operation Starting Date March 13, 2020
Term of the Contract 2034
Contractor
Consorcio SMX  
Major Contractor’s Shareholders
Ienova

GEOLOCATION

State(s)
Aguascalientes   

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

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
01AG2018E0034
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/2041/GEN/2018
Permit
ID
Proemio: E/2041/GEN/2018
Resolutions Additional information
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Source
Concessionaire / Related Company

REMARKS

The electricity generation project is carried out in two stages:
Stage 1 starting operations on March 13, 2020 for the generation of 100 MW.
Stage 2 starting operations on February 03, 2025 for the generation of 4 MW.

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