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

Sector: Electricity


Last Revision

November 04, 2024
Power Auction:
SLP-1/2017: Third Long Term Power Auction
 
Short Name of the Project:
0703 CENACE. 3rd Long Term Power Auction (SLP 1/2017) Horus
Type of Investment:
Brownfield
Subsector:
Solar Power
Asset (s):
 Solar Farm 95 MW 
Contract Currency:
Mexican Pesos MXN
Estimated Investment MXN:

2,033,000,000

Estimated Investment USD:

118,888,888

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 “Horus” photovoltaic power plant with a total production capacity of 95 MW in the state of Aguascalientes. The plant has the following features:
Power Zone: National
Export Area: “Occidental”
Price Area: Aguascalientes
Interconnection Zone: [Cañada–(KDA-230)-230]–93890-[La Bufa-230]

Canadian Solar Energy México, was assigned the following contract through CENACE's 2017 long-term power auction:

Contract number: SLP2017010102-009 related to:
- Energy for 206,017 MWHr/Year during 15 years and Renewable Energy Certificates (CEL) for 247,220 CEL/Year during 20 years, with an offered price of MXN$80,102,657

LEGAL AND FINANCIAL STRUCTURE
Type of Project
  Private
Type of Contract
  Assignment
Term
15 years
Selection Process
Public Auction
Financing Sources
Private
100 %
MXN
2,033,000,000
USD
118,888,888
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 September 02, 2019
Operation Starting Date June 15, 2020
Term of the Contract 2035
Contractor
Horus Solar  
Major Contractor’s Shareholders
Canadian Solar

GEOLOCATION
State(s)
Aguascalientes   
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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
Canadian Solar Energy México
Institutional Arrangement

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
01AG2018E0039
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 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/1915/GEN/2017
Permit
ID
Proemio: E/1915/GEN/2017
Resolutions Additional information

MULTIMEDIA

REMARKS
The start of operation is considered to be the commercial operation that appears in Permit Title E/1915/GEN/2017.
0702 CENACE: 3a Subasta Eléctrica de Largo Plazo (SLP-1/2017) Tastiota 0704 CENACE: 3a Subasta Eléctrica de Largo Plazo (SLP 1/2017) El Mayo

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