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Project

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

Sector: Electricity


Last Revision

October 25, 2024
Power Auction:
SLP-1/2016: Second Long Term Power Auction
 
Short Name of the Project:
0546 CENACE: 2nd Long Term Power Auction (SLP 1/2016) Necaxa 10
Type of Investment:
Brownfield
Subsector:
Hydraulic Power
Asset (s):
 Hydroelectric Power Plant 16 MW 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

480,000,000

Estimated Investment USD:

28,070,175

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
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DESCRIPTION
The project consists of the design, construction, equipment, installation, operation and maintenance of “Necaxa 10” hydroelectric power plant with a total production capacity of 16 MW in the state of Puebla. The plant has the following features:
Power Zone: National
Export Area: Central
Export Subarea: Central
Price Area: Central
Interconnection Zone: NECAXA NEC-85

Generadora Fenix, was assigned the following contract through CENACE's 2016 long-term power auction with the Necaxa 10 central:

Contract number: SLP2016010103-09 related to:
- Renewable Energy Certificates (CEL) for 75,546 CEL/Year during 20 years, with an offered price of MXN$12,087,398

LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Private
Type of Contract
  Assignment
Term
20 years
Selection Process
Public Auction
Financing Sources
Private
100 %
MXN
480,000,000
USD
28,070,175
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 December 05, 2015
Operation Starting Date July 15, 2016
Term of the Contract 2036
Contractor
Generadora Fénix  
Major Contractor’s Shareholders
Mota-Engil, SME

GEOLOCATION
State(s)
Puebla   
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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
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 2016
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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/1812/GEN/2016
Permit
ID
PROEMIO: E/1812/GEN/2016
Resolutions Additional Information
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Source
Concessionaire / Related Company
Generadora Fenix

MULTIMEDIA
0545 CENACE: 2a Subasta Eléctrica de Largo Plazo (SLP 1/2016) Necaxa 7 0547 CENACE: 2a Subasta Eléctrica de Largo Plazo (SLP 1/2016) Necaxa 8

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