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

Sector: Electricity


Last Revision

February 01, 2024
Power Auction:
SLP-1/2016: Second Long Term Power Auction
 
Short Name of the Project:
0566 CENACE: 2nd Long Term Power Auction (SLP-1/2016) Torreón-HQ100
Type of Investment:
Brownfield
Subsector:
Solar Power
Asset (s):
 Solar Farm 101 MW 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

2,264,340,000

Estimated Investment USD:

132,417,543

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 “Torreón-HQ100” (Laguna Solar) photovoltaic power plant with a total production capacity of 101 MW in the state of Coahuila. The plant has the following features:
Power Zone: National
Export Area: “Norte”
Export Subarea: “Norte-Durango/Laguna”
Price Area: Laguna
Interconnection Zone: TORREON SUR TRS-230

HQ Mexico Holdings, was assigned the following contracts through CENACE's 2016 long-term power auction:

Contract number: SLP2016010217-05 related to:
- Power for 18 MW/Year during 15 years, with an offered price of MXN$3,827,259
Contract number: SLP2016010217-06 related to:
- Energy for 252,445 MWHr/Year during 15 years, with an offered price of MXN$59,565,033
Contract number: SLP2016010217-07 related to:
- Renewable Energy Certificates (CEL) for 252,444 CEL/Year during 20 years, with an offered price of MXN$82,191,727


LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Private
Type of Contract
  Assignment
Term
15 years
Selection Process
Public Auction
Financing Sources
Private
100 %
MXN
2,264,340,000
USD
132,417,543
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 04, 2018
Operation Starting Date January 01, 2019
Term of the Contract 2034
Contractor
HQ Mexico Holdings  
Major Contractor’s Shareholders
Hanwha

GEOLOCATION
State(s)
Coahuila   

SPONSOR
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Entity
Private
Department
Hanwha Q CELLS
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
E/1994/GEN/2017
Permit
ID
Proemio: E/1994/GEN/2017
Resolutions Additional Information
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Source
Concessionaire / Related Company
Website

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