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

Sector: Electricity


Last Revision

June 03, 2024
Power Auction:
SLP-1/2016: Second Long Term Power Auction
 
Short Name of the Project:
0565 CENACE: 2nd Long Term Power Auction (SLP-1/2016) Potosí Solar
Type of Investment:
Brownfield
Subsector:
Solar Power
Asset (s):
 Solar Farm 329 MW 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

5,400,000,000

Estimated Investment USD:

315,789,473

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 “Potosí Solar” photovoltaic power plant with a total production capacity of 329 MW in the state of San Luis Potosí. The plant has the following features:
Power Zone: National
Export Area: “Noreste”
Export Subarea: “Noreste-Coahuila/Monterrey”
Price Area: Saltillo
Interconnection Zone: PRIMERO DE MAYO PMY-400 A3J70 CAÑADA KDA-400

Consorcio Fotowatio, was assigned the following contracts through CENACE's 2016 long-term power auction:
Contract number: SLP2016010206-01 related to:
- Energy for 779,161 MWHr/Year during 15 years, with an offered price of MXN$239,202,427
Contract number: SLP2016010206-02 related to:
- Renewable Energy Certificates (CEL) for 779,161 CEL/Year during 20 years, with an offered price of MXN$163,623,810

LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Private
Type of Contract
  Assignment
Term
15 years
Selection Process
Public Auction
Financing Sources
Private
100 %
MXN
5,400,000,000
USD
315,789,473
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 January 29, 2018
Operation Starting Date June 30, 2019
Term of the Contract 2034
Contractor
Consorcio Fotowatio  
Major Contractor’s Shareholders
FRV

GEOLOCATION
State(s)
San Luis Potosi   

SPONSOR

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
24SL2018E0027
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
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/1919/GEN/2017
Permit
ID
Proemio: E/1919/GEN/2017
Resolutions Additional information
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Source
Secretaría de Energía
Description
Federal Government entity responsible for controlling, managing and regulating Mexico’s energy resources, and establishing the national energy policy.
Social Impact Assessment

MULTIMEDIA

REMARKS
The electricity generation project is carried out in two stages:
Stage 1 starting operations on June 30, 2019 for the generation of 300 MW.
Stage 2 starting operations on May 7, 2021 for the generation of 29 MW.
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