Project

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

Sector: Electricity


Last Revision

October 25, 2024
 
Short Name of the Project:
0557 CENACE: 2nd Long Term Power Auction (SLP 1/2016) Conejo
Type of Investment:
Brownfield
Subsector:
Solar Power
Asset (s):
 Solar Farm 80 MW 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

1,951,000,000

Estimated Investment USD:

114,093,567

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 “Conejo” photoelectric power plant with a total production capacity of 80 MW in the state of Chihuahua. The plant has the following features:
Power Zone: National
Export Area: North
Export Subarea: “Norte-Juárez/ Moctezuma”
Price Area: Juarez
Interconnection Zone: CONEJOS MEDANOS CJM-115

X-Elio Energy, was assigned the following contract through CENACE's 2016 long-term power auction with the power central Parque Solar FV Conejo-Medanos now Terranova:

Contract number: SLP2016010128-04 related to:
- Power for 16 MW/Year during 15 years, energy for 193,771 MWHr/Year during 15 years and Renewable Energy Certificates (CEL) for 193,771 CEL/Year during 20 years, with an offered price of MXN$104,393,412

LEGAL AND FINANCIAL STRUCTURE

Type of Project
  Public
Type of Contract
  Assignment
Term
15 years
Selection Process
Public Auction
Financing Sources
Private
100 %
MXN
1,951,000,000
USD
114,093,567
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 June 29, 2018
Operation Starting Date July 23, 2022
Term of the Contract 2037
Contractor
X-Elio FV Conejos Medanos  
Major Contractor’s Shareholders
China Three Gorges, Kinich Energía Holding

GEOLOCATION

State(s)
Chihuahua   

SPONSOR

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Entity
Private
Department
X-Elio Energy

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
08CI2018E0041
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/1907/GEN/2017
Permit
ID
Proemio: E/1907/GEN/2017
Resolutions Additional information
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Source
Concessionaire / Related Company

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