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DESIGN, CONSTRUCTION, EQUIPMENT, INSTALLATION, OPERATION AND MAINTENANCE OF A COMBINED CYCLE POWER PLANT, IN THE state of Texas, USA.

Sector: Electricity


Last Revision

February 01, 2024
Power Auction:
SLP-1/2016: Second Long Term Power Auction
 
Short Name of the Project:
0561 CENACE: 2nd Long Term Power Auction (SLP 1/2016) Planta Frontera 06PFT-PTA
Type of Investment:
Brownfield
Subsector:
Thermic Power
Asset (s):
 Combined Cycle Power Plant 540 MW 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

800,000,000

Estimated Investment USD:

46,783,625

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 "Planta Frontera 06PFT-PTA" combined cycle power plant with a total production capacity of 540 MW in the United States of America in Texas. The plant has the following features:
Power Zone: National
Export Area: "Noreste"
Export Subarea: "Noreste-Tamaulipas"
Price Area: Reynosa
Interconnection zone: CUMBRES FRONTERA CUF-230

Frontera México Generación, through CENACE’s 2016 Long-Term Power Auction, was assigned the following contracts:

Contract number: SLP2016010175-01 related to:
- Power for 120 MW/Year during 15 years, with an offered price of MXN$57,446,424
Contract number: SLP2016010175-02 related to:
- Power for 35MW/Year during 15 years, with an offered price of $MXN18,763,597
Contract number: SLP2016010175-03 related to:
- Power for 100MW/Year during 15 years, with an offered price of $MXN38,300,170
Contract number: SLP2016010175-04 related to:
- Power for 100MW/Year during 15 years, with an offered price of $MXN43,087,691
Contract number: SLP2016010175-05 related to:
- Power for 120MW/Year during 15 years, with an offered price of $MXN63,191,066

LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Private
Type of Contract
  Assignment
Term
15 years
Selection Process
Public Auction
Financing Sources
Private
100 %
MXN
800,000,000
USD
46,783,625
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
Operation Starting Date November 2016
Term of the Contract 2034
Contractor
Frontera México Generación  
Major Contractor’s Shareholders
Fisterra Energy

GEOLOCATION
State(s)
Texas, USA   

SPONSOR
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Entity
Private
Department
Fisterra Energy
WebsiteInstitutional Arrangement

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
AUT/002/2015
Authorization
ID
RES/903/2015
Resolution Additional information

MULTIMEDIA
0572 CENACE: 2a Subasta Eléctrica de Largo Plazo (SLP-1/2016) Solem II 0562 CENACE: 2a Subasta Eléctrica de Largo Plazo (SLP 1/2016) Trompezón

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