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| This is an informative document and does not replace the regulation issued by the CREG. |
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Auction for the Allocation of the OEF
Requirements to Participate in the Auction |
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To participate with a particular generation asset, the generation company or investor should comply with certain requirements depending on the classification of its resource: new, special or existing resource, within the timeframe indicated by the CREG.
Requirements for generators or investors with new or special generation plants or units:
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Register the generation project in the UPME and the project should be in Phase 2 of its implementation (See Table 4); |
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Submit to the UPME the feasibility study to connect to the transmission network; |
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Present: i) the guarantee which ensures the payment of success fee to the promoter of the auction [ * ] and ii) an insurance policy which ensures the presentation of a guarantee for the compliance of the starting date of operation of the generation plant or unit to comply with the OEF; |
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For hydraulic plants, to have and present the historical record for, at least, the last 20 years of their water inflows; |
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Report to the CREG the commitment period of the obligation that the generator wants to acquire for each new or special generation resource (limited to 1, 10 and 20 years, depending on the case); |
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Submit to the CREG, the Ministry of Mines and Energy and the ASIC the timetable of the construction of the generation project and the S curve [ ** ]. |
Requirements for generators with existing generation plants or units:
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Provide a copy of the environmental license associated with the operation of the plant with the selected fuel; |
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Present the payment guarantee of success fee to the promoter of the auction. |
Requirements for all the generators and investors:
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Declare before the CREG the parameters for the calculation of the ENFICC. This is done only once, before the first declaration of firm energy of the generator or investor; |
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Declare before the CREG the ENFICC of each generation plant or unit which the generators or investors plan to include in the auction; |
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For thermal generation plants or units, submit an insurance policy that ensures the future presentation of a guarantee of fuel supply contracts and natural gas transportation contracts.
The CREG will issue a Resolution, which will define the deadlines for the submission of the required information as well as the date of implementation of the Auction [ *** ]. |
Table 4. Requirements of the UPME for Projects to Qualify in Phase 2.
| Hydroelectric Projects |
Certificate of finalization of feasibility studies |
| Certificate of approval of the Environmental Assessment of Alternatives by the Ministry of Environment or the respective Regional Autonomy Corporation |
| Information on the possible financial scheme |
| Information on the possible corporation scheme |
| Information on the options to purchase lands |
| Completed and submitted request form to connect to the respective transmission network |
| Thermal-electric Projects with Carbon and Gas fuels |
Certificate of finalization of feasibility studies |
| Certificate of approval of the Environmental Assessment of Alternatives by the Ministry of Environment or the respective Regional Autonomy Corporation |
| Information on the possible financial scheme |
| Information on the possible corporation scheme |
| * |
The promoter of the auction is a firm contracted by the ASIC to promote investments in new generation resources through the participation in Auctions. |
| ** |
The S curve is a graph which shows in the y axis the estimated percentage of the progress of the project during the implementation period and in the x-axis the time that has lapsed. |
| *** |
Pursuant to Article 18 of the CREG Resolution No. 071 of 2006. |
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