On March 15, 2018, the National Center for Energy Control (“CENACE”) announced the fourth long-term auction for the purchase and sale of power, capacity, and clean energy certificates. The term of the contracts for power and capacity will be 15 years while the term for clean energy certificates contracts will be 20 years.
The standard commercial operation date of the power generation projects awarded under the auction is scheduled for January 1, 2021.
The critical dates for the fourth long-term auction are the following:
|March 28, 2018||Publication of the first draft of the auction guidelines|
|March 28 – August 7||Period for potential purchasers to pay for the auction guidelines; the fees to purchase the guidelines are approximately US$1,650|
|March 28 – August 7||Prequalification and registration as potential purchaser|
|April 13||First workshop|
|April 23 – 24||First Q&A session|
|May 2||Publication of responses of the first Q&A session|
|May 4||Second Q&A session|
|May 11||Publication of responses of the second Q&A session|
|May 30||Publication of the final version of the auction guidelines|
|June 6||Deadline for the applicant to register as a potential purchaser|
|June 6||Publication of the appointed social witness|
|June 28||Submission of purchase offers by basic service suppliers|
|July 12||Submission of purchase offers by the load serving entities (entidad responsable de carga) (“ERC”)|
|July 16||Notification of the accepted products and prices offered by the ERC|
|July 18||Publication of the maximum price for the associated products|
|August 10||Second workshop related to the technical proposal submission|
|August 21 – 22||Submission of prequalification requests for sale offers|
|September 24||Submission of bid guarantee|
|October 11||Issuance of prequalification certificates|
|October 15||Third workshop related to the submission of economic proposals|
|October 17 – 22||Delivery of the first and second stages for the economic proposals of the sale offers|
|October 23 – 24||Review of sale offers (economic proposals)|
|November 2||Award of the contracts to purchase and sell energy and associated products|
|February 15, 2019||Deadline to execute the awarded contracts|
Note that CENACE may modify the auction dates and documentation during the auction process. We will inform you when the bidding guidelines are published.
Haynes and Boone lawyers have been actively involved representing several bidders in Mexico’s first, second and third power auctions.