Project

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

Sector: Electricity


Last Revision

October 25, 2024
 
Short Name of the Project:
0548 CENACE: 2nd Long Term Power Auction (SLP 1/2016) Orejana
Type of Investment:
Brownfield
Subsector:
Solar Power
Asset (s):
 Solar Farm 125 MW 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

3,640,000,000

Estimated Investment USD:

212,865,497

Banobras, Fonadin involvement Banobras/Fonadin involvement

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 Orejana photovoltaic power plant with a total production capacity of 125 MW in the state of Sonora. The plant has the following features:
Power Zone: National
Export Area: “Noroeste”
Export Subarea: “Noroeste-Hermosillo/Cananea”
Price Area: Hermosillo
Interconnection Zone: FISTERRA ENERGY OREJANA S DE RL DE CV ORE -230

Kamet Energía México, was assigned the following contracts through CENACE's 2016 long-term power auction with the Orejana central:

Contract number: SLP2016010124-01,related to:
- Renewable Energy Certificates (CEL) for 353,466 CEL/Year during 20 years, with an offered price of MXN$118,411,110
Contract number: SLP2016010124-02,related to:
- Energy for 353,466 MWHr/Year during 15 years, with an offered price of MXN$125,939,936

(*) Project with Banobras and/or National Infrastructure Fund (Fonadin) involvement or support.

LEGAL AND FINANCIAL STRUCTURE

Type of Project
  Private
Type of Contract
  Assignment
Term
15 years
Selection Process
Public Auction
Financing Sources
Private
100 %
MXN
3,640,000,000
USD
212,865,497
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 November 2017
Operation Starting Date February 2019
Term of the Contract 2034
Contractor
Parque Solar Orejana  
Major Contractor’s Shareholders
Zuma Energía, State Power Investment Corporation Limited

GEOLOCATION

State(s)
Sonora   

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
Zuma Energia

SUSTAINABLE INFORMATION

PROJECT’S SUSTAINABILITY SUMMARY

The purpose of the project is the generation of clean energy through a photovoltaic park in Sonora with an installed capacity of 162 MW for the provision of the service in Hermosillo, Sonora.

* 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
26SO2016ED012
Permits
ID
26SO2017ED020
Permits, transmission line
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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/1749/GEN/2016
Permit
ID
Proemio: E/1749/GEN/2016
Resolutions Additional Information
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Source
Concessionaire / Related Company

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