Project

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

Sector: Electricity


Last Revision

February 01, 2024
 
Short Name of the Project:
0587 CENACE. 1st Long Term Power Auction (SLP-1/2015) El Cortijo
Type of Investment:
Brownfield
Subsector:
Wind Power
Asset (s):
 Wind Farms 183 MW 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

4,900,000,000

Estimated Investment USD:

286,549,707

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 “El Cortijo" eolic power plant with a total production capacity of 183 MW in the state of Tamaulipas. The plant has the following features:
Power Zone: National
Export Subarea: “Noreste”
Price Area: Reynosa
Interconnection Zone (Auction 2015): JACALITO JAC-138
Interconnection Zone (Auction 2017): AEROPUERTO-400

Energía Renovable del Istmo II, was assigned the following contracts through CENACE's 2015 and 2017 long-term power auctions:

Contract number: SLP2015010378-03 (Auction 2015) related to:
- Energy for 585,731 MWHr/Year during 15 years, with an offered price of MXN$233,254,957
Contract number: SLP2015010378-04 (Auction 2015) related to:
- Renewable Energy Certificates (CEL) for 585,731 CEL/Year during 20 years, with an offered price of MXN$201,444,454
Contract number: SLP2017010131-003 (Auction 2017) related to:
- Power for 52 MW/Year during 20 years, with an offered price of MXN$32,447,590

LEGAL AND FINANCIAL STRUCTURE

Type of Project
  Private
Type of Contract
  Assignment
Term
15 years
Selection Process
Public Auction
Financing Sources
Private
100 %
MXN
4,900,000,000
USD
286,549,707
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 November 30, 2015
Proposals Reception January 20, 2016
Ruling March 31, 2016
Contract Signing July 12, 2016
Execution/Construction Starting Date March 31, 2017
Operation Starting Date September 01, 2018
Term of the Contract 2033
Contractor
Energía Renovable del Istmo II  
Major Contractor’s Shareholders
Acciona

GEOLOCATION

State(s)
Tamaulipas   

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

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Entity
Private
Department
Energía Renovable del Itsmo II S.A de C.V

SUSTAINABLE INFORMATION

PROJECT’S SUSTAINABILITY SUMMARY

The project generates clean energy through the use of modern technology to reduce polluting emissions from electricity.

* 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
28TM2016ED017
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/1875/GEN/2016
Permit
ID
PROEMIO: E/1875/GEN/2016
Resolutions Additional Information
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Source
Concessionaire / Related Company

REMARKS

The electricity generation project is carried out in two stages:
Stage 1: with start of operations in September 2018 for the generation of 168 MW
Stage 2: with start of operations in January 2019 for the generation of 15 MW

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