Home Business & Finance Investment of 4 billion dollars at the end of the process of the Second Electric Auction
Investment of 4 billion dollars at the end of the process of the Second Electric Auction

Investment of 4 billion dollars at the end of the process of the Second Electric Auction


Press Bulletin 113. As a result of the Second Electricity Market Auction, a total of 23 companies from 11 countries, including Mexico, will invest in the next three years 4 billion for installing 871 megawatts of 2000 newly installed clean energy, capacity announced by the Secretary of Energy, Bachelor Pedro Joaquín Coldwell. 57 bidders participated, 23 of them were winners with 56 deals photovoltaic solar, wind and other clean energies. The average price of clean energy was $ 33.47 per megawatt hour, highly internationally competitive price. With power auctions, the country closer to the goal of generating 35% from clean energy by 2024. As a result of the Second Auction Electricity Market, a total of 23 companies from 11 countries, including Mexico, they will invest in the next three years four billion dollars for the installation of 2 000 871 megawatts of new capacity installed in clean energy He announced the Secretary of Energy, Bachelor Pedro Joaquín Coldwell.

During the event Presentation of results of the second power auction, the head of the Ministry of Energy (SENER) explained that the auction last September 22, the average price per package megawatt hour and a certificate was $ 33.47, is ie 30 percent less than that obtained in the first auction, which is profitable development of sustainable projects. In addition, the Energy Secretary said that as a result of the two competitions buying long-term energy for all participants clean technologies 34 generation companies in the country, which together carry out an investment of 6 will be established thousand 600 million and add about 5,000 megawatts of new clean generation capacity. Therefore, the long-term power auctions allow us to approach the national goal of having 2024 with at least 35% of electricity from green energy sources, added the lawyer Pedro Joaquin Coldwell.

In his speech, Dr. Jaime Hernandez Martinez, Director General of the Federal Electricity Commission (CFE) noted that in this second auction Electricity Market, productive state enterprise participated in two roles: as a basic supplier where he received offers 44 percent below the maximum price considered for clean energy and 64 percent lower than the maximum price considered for power; and as a generator of clean electricity. In the latter, the CFE also got good news as 2 bids submitted were winners: the Central Geotérmica the Sulphurs III Phase II, located in Michoacan, and the Central Combined Cycle Agua Prieta II, in Sonora. Year, both plants provide about 199,000 Clean Energy Certificates (CEL’s) and 199,000 megawatts / hour of energy. In addition, they will provide 400 megawatts of power, which shows that the Commission has the necessary to compete successfully in the new electricity market strengths, added Dr. Hernandez Martinez.

For his part, Undersecretary of Electricity SENER, César Hernández Ochoa, said that the power auctions were designed under the highest standards of transparency to boost competition and get cheaper and cleaner energy. He also noted that as a result of the two auctions held, 15 Mexican states (Aguascalientes, Baja California, Baja California Sur, Chihuahua, Coahuila, Guanajuato, Jalisco, Morelos, Nuevo Leon, Oaxaca, Puebla, San Luis Potosi, Sonora, Tamaulipas, Yucatan) will benefit from the development of wind, solar, hydro and geothermal projects, which will create new jobs. In turn, the Engineer Eduardo Meraz Ateca, Director General of the National Center for Energy Control, said the process of validating the preliminary results aims to provide greater certainty to the offers that were selected following the implementation of the Whole mixed.

Engineer Ateca Meraz said that after the preliminary results obtained, we proceeded to determine the reasons why each of the offers were or not winning such as the price offered, or exceed the limits of export or interconnection. He also confirmed the constant presence at this stage by Transparencia Mexicana as social witness who participated in this process and the internal control bodies in the Cenace and Sener. Guillermo Garcia Alcocer, Commissioner President of the Energy Regulatory Commission (CRE) said that from the fourth auction, along with the CENACE, will be responsible for carrying out these processes. He also noted that from January 27 next year assume market surveillance and by 2018 will have the responsibility for administering the Clean Energy Certificates.

It should be noted that the Long Term Auctions are one of the most important elements of the Energy Reform in electrical field. In them, generators compete for long-term contracts to sell electricity, CEL’s and Power. In turn, allow generators finance at low cost investment that Mexico needs to achieve its goals in the areas of clean energy, to install sufficient capacity to ensure supply reliability and improve the efficiency of generation. In the event also they participated Tania Ortiz Mena, Vice President of External Affairs and Business Development IEnova and Adrian Katzew, CEO of Energy Zuma.


Anand Gupta Editor - EQ Int'l Media Network


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