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Project

DESIGN, CONSTRUCTION, EQUIPMENT, INSTALLATION, OPERATION AND MAINTENANCE OF A TURBOGAS POWER PLANT IN THE STATE OF NUEVO LEON.

Sector: Electricity


Last Revision

November 04, 2024
Power Auction:
SLP-1/2017: Third Long Term Power Auction
 
Short Name of the Project:
0701 CENACE. 3rd Long Term Power Auction (SLP 1/2017) Compañía de Electricidad Los Ramones
Type of Investment:
Brownfield
Subsector:
Turbogas
Asset (s):
 Gas Turbine 768 MW 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

10,300,000,000

Estimated Investment USD:

602,339,181

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 “Compañía de Electricidad Los Ramones” turbogas power plant with a total production capacity of 550 MW in the state of Nuevo Leon. The plant has the following features:
Power Zone: National
Export Area: “Noreste”
Price Area: Monterrey
Interconnection Zone: [TERNIUM MANIOBRAS-(TNM-400)-400]-A3D80-[AEROPUERTO-(AER-400)-400]

Compañía de Electricidad Los Ramones, was assigned the following contract through CENACE's 2017 long-term power auction:

Contract number: SLP2017010101-002 related to:
- Power for 500 MW/Year during 15 years, with an offered price of MXN$351,050,391
Included in a listed vehicle
GBMESCK

LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Private
Type of Contract
  Assignment
Term
15 years
Selection Process
Public Auction
Financing Sources
Private
100 %
MXN
10,300,000,000
USD
602,339,181
Payment Source
Project revenues / Rate
The Clearing House is responsible for making the corresponding payments, derived from the following Electric Coverage Contracts with buyers and sellers:
- “Entidades Responsables de Carga” and the Clearing House
- Clearing House and the Generators

STATUS
Stage
  Operation
Substage
  < 5 years of operation
RELEVANT DATES
Request for proposals/Announcement May 08, 2017
Proposals Reception November 08, 2017
Ruling November 22, 2017
Contract Signing April 13, 2018
Execution/Construction Starting Date August 18, 2018
Operation Starting Date June 02, 2020
Term of the Contract 2035
Contractor
Compañía de Electricidad Los Ramones  
Major Contractor’s Shareholders
Invenergy Investment Company

GEOLOCATION
State(s)
Nuevo Leon   

SPONSOR
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Entity
Private
Department
Invenergy Investment Company
Website

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 2017
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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/2019/GEN/2018
Permit
ID
PROEMIO: E/2019/GEN/2018
Resolutions Additional information
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Source
Concessionaire / Related Company
Website

MULTIMEDIA
0700 CENACE: 3a Subasta Eléctrica de Largo Plazo (SLP-1/2017) Pachamama 0702 CENACE: 3a Subasta Eléctrica de Largo Plazo (SLP-1/2017) Tastiota

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