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

Sector: Electricity


Last Revision

November 04, 2024
Power Auction:
SLP-1/2015: First Long Term Power Auction
 
Short Name of the Project:
0584 CENACE. 1st Long Term Power Auction (SLP-1/2015) Concunul
Type of Investment:
Brownfield
Subsector:
Solar Power
Asset (s):
 Solar Farm 70 MW 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

1,430,000,000

Estimated Investment USD:

83,625,730

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 “Concunul" photovoltaic power plant with a total production capacity of 70 MW in the state of Yucatan. The plant has the following features:
Power Zone: National
Export Subarea: “Peninsular”
Price Area: Merida
Interconnection Zone: VALLADOLID VAD-230

Jinkosolar Investment, was assigned the following contract through CENACE's 2015 long-term power auction:

Contract number: SLP2015010331-03 related to:
- Energy for 176,475 MWHr/Year during 15 years and issue Renewable Energy Certificates (CEL) for 176,475 CEL/Year during 20 years, with an offered price of MXN$178,133,177

LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Private
Type of Contract
  Assignment
Term
15 years
Selection Process
Public Auction
Financing Sources
Private
100 %
MXN
1,430,000,000
USD
83,625,730
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 November 30, 2015
Proposals Reception January 20, 2016
Ruling March 31, 2016
Contract Signing July 12, 2016
Execution/Construction Starting Date December 03, 2018
Operation Starting Date March 31, 2020
Term of the Contract 2033
Contractor
Energía Solar Concunul  
Major Contractor’s Shareholders
Jinkosolar Investment

GEOLOCATION
State(s)
Yucatan   
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Go to GIS for this project

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
Jinkosolar Investment
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 2015
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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/2091/GEN/2018
Permit
ID
PROEMIO: E/2091/GEN/2018
Resolutions Additional information

MULTIMEDIA

REMARKS
The date of commercial operation that appears in the Permit Title E/2091/GEN/2018 is considered the start of operation.

Through the resolution RES/833/2019, the power generation permit was transferred to Energía Solar Cuncunul, S. de R. L. de C. V.
0587 CENACE: 1a Subasta Eléctrica de Largo Plazo (SLP-1/2015) El Cortijo 0588 CENACE: 1a Subasta Eléctrica de Largo Plazo (SLP-1/2015) Sol de Insur...

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