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Project

DESIGN, CONSTRUCTION, EQUIPMENT, INSTALLATION, OPERATION AND MAINTENANCE OF A TURBOGAS POWER PLANT IN THE STATE OF NUEVO LEON.

Sector: Electricity


Last Revision

October 31, 2025
Power Auction:
SLP-1/2017: Third Long Term Power Auction
 
Short Name of the Project:
0701 CENACE. 3rd Long Term Power Auction (SLP 1/2017) Compañía de Electricidad Los Ramones
Type of Investment:
Brownfield
Subsector:
Turbogas
Asset (s):
 Gas Turbine 768 MW 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

10,300,000,000

Estimated Investment USD:

556,756,756

Exchange rate (USD/MXN) used by the Ministry of Finance for the economic plan 2025: $ 18.5
Contract Scope:
  Design,  Construction,  Equipment,  Installation,  Operation,  Maintenance
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DESCRIPTION
The project consists of the design, construction, equipment, installation, operation and maintenance of “Compañía de Electricidad Los Ramones” turbogas power plant with a total production capacity of 550 MW in the state of Nuevo Leon. The plant has the following features:
Power Zone: National
Export Area: “Noreste”
Price Area: Monterrey
Interconnection Zone: [TERNIUM MANIOBRAS-(TNM-400)-400]-A3D80-[AEROPUERTO-(AER-400)-400]

Compañía de Electricidad Los Ramones, was assigned the following contract through CENACE's 2017 long-term power auction:

Contract number: SLP2017010101-002 related to:
- Power for 500 MW/Year during 15 years, with an offered price of MXN$351,050,391
Included in a listed vehicle
GBMESCK

LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Private
Type of Contract
  Assignment
Term
15 years
Selection Process
Public Auction
Financing Sources
Private
100 %
MXN
10,300,000,000
USD
556,756,756
Payment Source
Project revenues / Rate
The Clearing House is responsible for making the corresponding payments, derived from the following Electric Coverage Contracts with buyers and sellers:
- “Entidades Responsables de Carga” and the Clearing House
- Clearing House and the Generators

STATUS
Stage
  Operation
Substage
  < 5 years of operation
RELEVANT DATES
Request for proposals/Announcement May 08, 2017
Proposals Reception November 08, 2017
Ruling November 22, 2017
Contract Signing April 13, 2018
Execution/Construction Starting Date August 18, 2018
Operation Starting Date December 11, 2020
Term of the Contract 2035
Contractor
Compañía de Electricidad Los Ramones  
Major Contractor’s Shareholders
Invenergy Investment Company

GEOLOCATION
State(s)
Nuevo Leon   

SPONSOR
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Entity
Private
Department
Invenergy Investment Company
Website

ADDITIONAL INFORMATION
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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
Website
 Ruling 2017
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Source
Comisión Nacional de Energía
Description
Decentralized body of the Ministry of Energy that has technical and operational independence to regulate energy matters.
ID
E/2019/GEN/2018
Permit
ID
RES/199/2018
Resolution
ID
RES/2276/2018
Resolution
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Source
Concessionaire / Related Company
Website

MULTIMEDIA

REMARKS
Date of start of operation according to the List of granted electricity generation permits as of September 30, 2025, from the National Energy Commission (CNE).
0700 CENACE: 3a Subasta Eléctrica de Largo Plazo (SLP-1/2017) Pachamama 0702 CENACE: 3a Subasta Eléctrica de Largo Plazo (SLP-1/2017) Tastiota

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