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Mexico - Hybrid Solar Thermal Power Project : restructuring (Vol. 2) : Data sheet (Inglês)

The objective of the Hybrid Solar Thermal Power Project is to demonstrate and encourage replication of Integrated Solar Combined Cycle Systems (ISCCS) power generation technology in Mexico and elsewhere, thereby contributing to the reduction of global Green House Gas (GHG) emissions. The extension is necessary to allow time to permit disbursements to the winning contractor for the construction of the solar power field. It is longer than the extension requested by the Government, in order to provide flexibility in the construction of the innovative ISCCS. The extension is justified based on the following rationale: (1) CFE (Comision Federal de Electricidad) indicated that it was highly committed to carrying out the project through completion. Implementation of the thermal components of the project is ongoing and construction of the solar power field is expected to start during the summer of 2011; (2) the project will represent Mexico's and Latin America's first application of the ISCCS concept. Therefore, successful implementation will put the country at the vanguard of developing this new renewable energy technology and could potentially have far-reaching implications for mitigating greenhouse gases globally; and (3) the project is of strategic importance to Mexico and an integral part of the country's climate change agenda. It will contribute to the diversification of the energy matrix and will help increase in the share of renewable power generation. If granted, this will be the fourth extension of the closing date of the grant; the first was a six-month extension from October 30, 2009 to April 30, 2010, the second was a one-year extension to April 30, 2011 and the third a three-month extension to July 31, 2011.

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