Mexico - Transmission and Distribution Project

Document of The World Bank FOR OFFICIAL USE ONLY Report No. 15211 IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT (LOAN 3189-ME) DECEMBER 21, 1995 Country Department II Infrastructure Operations Division Latin America and the Caribbean Regional Office This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank authorization. CURRENCY EQUIVALENTS Currency unit = New Mexican Peso (N$) US$1.00 = Mex$2,578 (June 1989) US$1.00 = N$6.26 (June 1995) WEIGHTS AND MEASURES kVA (kilovolt-ampere) = 1,000 VA (volt-ampere) kV (kilovolt) = 1,000 V (volts) kW (kilowatt) 1,000 W (watts) MVA (megavolt-ampere) = 1,000 kVA MW (megawatt) = 1,000 kW kWh (kilowatt hour) = 1,000 Wh (watt hour) MWh (megawatt hour) = 1,000 kWh GWh (gigawatt hour) = 1,000,000 kWh MVA (megavolt ampere) = 1,000 kVA MVAR (megavar) 1,000,000 VAR (reactive volt-ampere) FISCAL YEAR OF BORROWER January Ist - December 31st ABBREVIATIONS AND ACRONYMS CFE = Comisi6n Federal de Electricidad ERC = Energy Regulatory Commission FRA = Financial Rehabilitation Agreement GOM = Government of Mexico IDB = Interamerican Development Bank ICB = International Competitive Bidding LCB = Local Competitive Bidding POISE = Programa de Inversiones del Sector Electrico SEMIP= Secretaria de Energia, Minas e Industria Paraestatal SHCP = Secretaria de Hacienda y Credito Piblico FOR OFFICIAL USE ONLY IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT LOAN 3189-ME TABLE OF CONTENTS P r e f a c e ................................................................................................................ .................. iii E v a lu a tio n S u m m a ry .... ............. .......................................................................................... iv Part I: Project Implementation Assessment P roje c t O bje c tiv e s ................................................................. ........................................I Achievement of Project Objectives ...........2........... ..............2 Implementation Record and Major Factors Affecting the Project .................4 P roject S u stain ability ................................................................................................. . . 8 B ank P erfo rm an ce ................................................................................................... . . 9 Borrower Performance ............................................... 10 F u tu re O p eratio n ................................................................................................... . . 1 0 K ey L e sso n s L e arn e d .................................................................................................... 1 Part H Statistical Annexes APPENDIXES A. Borrower Contribution to the ICR B. IBRD Map No. 21868 This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed wiLout World Bank authorization.  IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT LOAN 3189-ME Preface This is the Implementation Completion Report (ICR) for the Transmission and Distribution Project in Mexico, for which Loan 3189-ME in the amount of $450 million equivalent was approved on April 17, 1990 and made effective on November 28, 1990. The loan was closed on December 31, 1994, one year after the original closing date. It was fully disbursed, and the last disbursement took place on May 22, 1995. Cofinancing for the project was provided by the Interamerican Development Bank. The ICR was prepared by Manuel I. Dussan, a consultant, and reviewed by Luis Cosenza, Task Manager and Martin Staab, Division Chief (LA2IN). The borrower and cofinanciers provided comments that are included as appendices to the ICR. Preparation of this ICR was begun during September, 1995 with a mission of the consultant to Mexico. It is based on material in the project file and on information provided by the borrower to the consultant during his mission to Mexico. The borrower contributed to preparation of this ICR by submitting a Final Progress Report on the project with an evaluation of the project's execution. 11  IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT LOAN 3189-ME EVALUATION SUMMARY Introduction 1. The Bank participated actively in financing power sector projects in Mexico until 1974, when the Eleventh Power Project was completed. Thereafter, discussions with the Government took place to resume lending operations, but this was not possible as important financial and procurement issues remained unsolved. In 1986, the Government and CFE signed a Financial Rehabilitation Agreement (FRA) that included a plan for the capitalization of CFE, a tariff adjustment program and a program to improve CFE's operational performance. These actions facilitated a policy dialogue and led the Government to request financial assistance from the Bank for the Hydroelectric Development Project (loan 3083-ME, approved in June, 1989) and for the Transmission and Distribution Project (loan 3189-ME). Project Objectives 2. The Transmission and Distribution Project was defined as a two year (1991-1992) time slice (about $7000 million) of CFE's ten-year investment program for generation, transmission, distribution, equipment upgrading and general plant. CFE identified high priority works within this time slice and prepared special programs for Bank financing. The $450 million Bank loan financed four basic components: (a) a special transmission program for the expansion and improvement of transmission networks; (b) a special distribution program; (c) a thermal power plants rehabilitation program; and (c) environmental studies. 3. The stated objectives of the project were to improve performance of thermoelectric power plants, to correct distortions in electricity tariffs, to strengthen CFE's internal capabilities to address the environmental impact of power projects, support improvements of CFE's operations, and help fund CFE's transmission and distribution program for 1991-92. 4. To promote achievement of project objectives the loan included covenants aimed to: (i) modify the electricity tariff structure by 1992 to reflect economic costs, (ii) increase average electricity tariffs by 30% in real terms over a four year period; (iii) increase the rate of return on net fixed assets from 4% to 7% in four years; (iv) prepare and implement studies on environmental impact of transmission lines and thermoelectric plants, and (v) implement recommendations of previously prepared studies on CFE organization, operation and maintenance procedures and electricity tariffs. iii 5. The project objectives addressed the main issues identified during the appraisal mission that affected the electric power sector, namely: (i) inadequate maintenance of existing thermal power plants that reduced their availability and efficiency; (ii) large pricing distortions, with average tariffs representing in 1988 just 76% of long-run marginal costs; (iii) substantial subsidies for residential tariffs, and a tariff structure for industrial consumers that was not cost-reflective; (iv) a weak financial position; (v) excessive centralized control of operations; and (vi) an investment lag in transmission and distribution that had reduced reliability and quality of service. Implementation Experience and Results 6. In spite of shortfalls on implementing the tariff adjustment program, the project achieved most of its objectives and the likelihood of project sustainability is high: a) Tariff adjustments during the period 1990-1995 fell short of expectations. Although major tariff increases were implemented in 1991 and 1992 according to a program agreed with the Government (tariffs were increased on average by 23% in real terms in two years), this effort was lost during 1993 and 1994 due to reductions in tariffs to large industrial consumers and the devaluation of late 1994. By 1995, real tariffs returned, on average, to about the same level as 1990. b) Targets set for improving the availability and efficiency of thermal plants were met: the rehabilitation program was expanded from 38 to 82 generation units; availability was increased by about 720 Mw as compared to a target of 678 Mw; recuperation of de-rated capacity fell short of expectations (190 Mw vs. 418 Mw); and thermal efficiency was increased in about 900 kcal/kwh, compared to a target of about 1,250 kcal/kwh. c) In\vestments in transmission and distribution in 1991 and 1992 increased substantially over the depressed values of previous years. However, in 1993 and 1994 they were reduced again due to the application of investment ceilings by the Ministry of Finance and to a demand increase that reached only about 60% of the forecast demand prepared in 1989. d) CFE implemented the recommendations of environmental control studies in thermal plants, with the following actions: (i) establishing a network to monitor emissions, a program to use cleaner fuels in critical areas, and a control of effluents program, and (ii) replacing combustion and fuel handling equipment in several thermal generation plants. e) In general, CFE met most of the operational performance targets established in the FRA. f) CFE is planning to decentralize operations and implement a new salary and incentive plan based on productivity gains. In this regard, CFE is in the process of establishing a holding company structure with separate generation, transmission and distribution business centers. CFE has already established a new cost accounting system that keeps separate accounts for each business unit and measures productivity gains. 7. Most of the project's physical targets were achieved in a four year period instead of the originally planned two-year time slice, due to delays in procurement caused mainly by budgetary constraints imposed by the Government. In 1993, US$$125.5 million of loan uncommitted funds that could not be utilized for the transmission component were allocated to supplement financing of the civil works of the Zimapan Hydroelectric Project (financed under loan 3083-ME). iv 8. Project implementation was affected mainly by (i) budgetary constraints imposed by the government to CFE, and (ii) time-consuming procurement procedures. Budgetary constraints imposed annually by the government to meet macroeconomics targets delayed the implementation of transmission and distribution works. The Bank's procurement procedures adopted under the loan proved, in general, to be time-consuming and it took CFE much longer to procure goods under the Bank's guidelines than under its own internal procedures. 9. The Bank's performance was satisfactory. Bank staff had to assist GOM in defining and preparing a new loan for a borrower that did not have any recent experience with Bank operations (the previous loan to the power sector had been completed in 1974). Bank's missions supervised project execution twice a year, which is adequate for a project that did not experience major execution problems. 10. The borrower's performance was satisfactory in spite of problems related to budget ceilings, procurement and tariffs. CFE established an implementation unit, presented progress reports on time, submitted to the Bank information and reports as indicated in the loan agreement and implemented the project diligently considering the external constraints imposed on this institution. The Government made major advances in improving CFE's financial situation and performance by implementing the FRA, capitalizing CFE's debt and authorizing tariff increases during the initial years of program. Summary of findings, future operation and key lessons learned. 11. It is likely that the achievement of most of the project objectives, which included improvements of thermoelectric power plants, strengthening of CFE's capabilities to address environmental issues, improvement of CFE's operational performance and supporting investments in transmission and distribution, will prove to be sustainable. A reform for greater competition and efficiency is taking place in the power sector and CFE is decentralizing its operations in order to achieve greater autonomy and accountability for its business units. These changes are conducive to sustaining the results of the project. On environmental issues, a law issued in 1988, complemented by norms and regulations, established a framework to tighten emission regulations for thermal plants to comply in the medium term with international regulations. 12. There are four main lessons learned from project execution. First, despite the fact that the project was defined as a time-slice of the entire investment program, the Bank concentrated on the specific works in the investment program which it financed. A more comprehensive review of the entire investment program would have been justified and necessary. Second, the implementation of the transmission program based on the award of separate contracts for construction services and for supply of equipment and materials did not work well under the budgetary constraints imposed on CFE: project execution was delayed and loan funds could not be used efficiently. Probably, the use of turn-key arrangements would have been justified. Third, ICB proved its worth. In spite of some delays with time-consuming ICB procurement procedures, the borrower acknowledged the benefits of lower prices, better quality and improvements of the local industry. Fourth, it is difficult for the Government to comply with long-term sector policies in a sector dominated by state-owned enterprises operating under a weak regulatory framework. For example, in spite of a good start in implementing a tariff v adjustment program during 1991-1992, most of real increases in tariffs were lost in a one-year period due to tariff measures prompted by political considerations. Most likely, the Government would have faced difficulties in reversing sector policy, had the sector operated under an independent regulatory framework with strong participation of private utilities. vi IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT LOAN 3189-ME PART I: PROJECT IMPLEMENTATION ASSESSMENT Project Objectives 1. The Transmission and Distribution Project was defined as a two year (1991-1992) time slice of CFE's ten-year investment program, with a total cost of about US$7,000 million. for generation, transmission, distribution, rehabilitation and general plant. CFE identified high priority works of the time slice and prepared special programs for Bank financing. The US$450 million Bank loan financed four basic components: (a) a special program for the expansion and improvement of transmission networks above 115 kV (US$180 million); (b) a special distribution program (US$155.0 million); (c) rehabilitation of thermoelectric power plants (US$113.5); and (d) environmental control studies (US$1.50 million). 2. The project objectives were: a) To promote improvements and renovation of thermoelectric power plants to reduce the investment requirements of the sector b) Correct distortions in the tariff structure, reducing cross-subsidies among consumers to improve end-use efficiency. c) strengthen CFE's internal capabilities to address environmental issues related to the operation of thermoelectric power plants and to the construction of transmission lines d) farther pursue the improvement goals agreed under the Hydroelectric Development Project on management, technical, financial and energy conservation aspects. e) fund CFE's transmission and distribution program for 1991-92 with the purpose of meeting industrial and commercial demand and expanding residential coverage, while improving the technical efficiency and reliability of electric service. 3. The project objectives addressed the main issues related to the electric power sector that were identified during the appraisal mission, namely: (i) inadequate maintenance of existing thermal power plants that reduced their availability, efficiency and rated capacity and increased the capacity reserve required to meet demand; (ii) large pricing distortions: average electricity tariffs represented in 1988 just 76% of long-run marginal costs, substantial subsidies for agricultural and residential tariffs, and a tariff structure for industrial consumers that was not cost- reflective and did not provide an efficient price signal; (iii) a weak financial position; (iv) excessive centralized control of operations; (v) deficiencies in the expansion planning and investments decisions process; and (vi) an investment gap in transmission and distribution networks that had deteriorated reliability and quality of service. 2 4. In general terms, the project objectives were complemented with concrete and specific performance targets and with a definition of investment programs and plans required to meet these targets. CFE prepared a thermal power plant rehabilitation program for 38 out of a total of 150 thermal generation units, aimed to increase available capacity and thermal efficiency in about 15% '. CFE prepared a tariff adjustment program to align tariffs with costs in about 9 years, supported by a long-run marginal cost study and the commitment of the Government to this pricing policy. The Government and CFE signed a Financial Rehabilitation Agreement (FRA) to complete a US$8.6 billion capitalization program for CFE, increase average tariffs, improve internal generation of funds, and improve CFE's operational performance. Finally, CFE prepared special transmission and distribution investment programs aimed to close the investment gap and strengthen the transmission and distribution grids. 5. The project objectives, as planned, were important for the Government's strategy for the power sector as they promote the efficient use of electricity and the financial strengthening of the sector. The project also contributed to achieve the Bank objective7 of improving least-cost planning, reduce tariff subsidies, open up procurement to international competition, help CFE in its institutional building efforts and improve the assessment of environmental impact of electric power projects. Achievement of Project Objectives 6. The project accomplished its objectives substantially, except for the financial objectives that were partially achieved (see table 5). The following paragraphs assess the achievements regarding electricity tariffs, improvements in performance of thermal plants, and support to investments in transmission and distribution. 7. Tariff adjustments during the period 1990-1995 fell short of expectations. Although major tariff increases were implemented in 1991 and 1992 according to a program agreed upon with the Government (tariffs were increased on average by 23% in real terms in two years), during 1993 and 1994 this effort was lost. By 1995, real tariffs returned, on average, to about the same level as 1990. The following table illustrates this point: Year Actual increase a! Target PPI % P.a. % b/ % % b/ % 1990 5.4% 5.4% 9% 9.0% 22.7% 1991 10.6% 16.6% 9% 18.8% 19.0% 1992 5.8% 23.4% 6% 25.9% 12.0% 1993 -1.8% 21.1% 4% 31.0% 6.6% 1994 -5.7% 14.2% 6% 38.8% 6.4% 1995 -8.1% 1 140.0% a/ Increase in real terms using the producer price index (PPI) as a deflator. b/ Accumulative increase with respect to 1989 levels 1 / Increase effective rated capacity by about 1100 MW for 38 units with a capacity of 6720 MW and improve thermal efficiency from a range of 2615-3000 kcal/kwh to 2263-2606 kcal/kwh. 3 8. Until 1992, tariffs for residential consumers, which represent a consumption of 25% of total sales, were adjusted in real terms by about 50% with respect to 1989 in order to reduce large subsidies in this category. On the other hand, tariffs for medium and high voltage industrial and commercial consumers, which represent 55% of total sales, were kept constant in real terms as they were above long-run marginal costs. However, during 1993 and 1994 residential tariffs were kept constant in real terms, while high voltage tariffs were reduced about 20% in real terms as a result of an adjustment of the tariff structure (to reflect economic costs) and a general reduction of charges for large industries that faced a competitive market under new trade agreements with the USA. Furthermore, during the severe economic crisis that Mexico faced in late 1994, the Mexican currency was devalued by about 100% in a five-month period and the producer price index increased by about 30%. This crisis deteriorated further the average tariff level in spite of a 20% increase in early 1995 for residential tariffs. As a result, residential tariffs, expressed as a percentage of long-run marginal costs, decreased on average from about 80% in early 1994 to 50% in march, 1995 2 (see table 12). 9. Most of the targets set for improving the availability and efficiency of thermal plants were met. The thermal power plant renovation program comprised four groups of generation stations: steam plants with 300 Mw, 150 Mw, and 75 Mw units and combined-cycle plants. The program was expanded from 38 to 82 generation units. Availability was increased by about 720 Mw as compared to a target of 678 Mw. Recuperation of de-rated capacity fell short of expectations (190 Mw vs. 418 Mw), but it is expected to be completed by 1997. Thermal efficiency was increased in about 900 kcal/kwh, compared to a target of about 1,250 kcal/kwh, due to the fact that the target for the 75 Mw group was too ambitious. 10. The results of the thermal plants renovation program are summarized in the following table: Subprogram Availability improvement Capac. recup. Efficiency improvement 1989 Target Target Actual Target Actual !989 Improv. Improv % % MW MW MW MW kcal/kwh Target Real A (300 Mw) 61.1 80.0 479 390 260 80 2601 144 114 B (150 Mw) 74.7 80.0 82 149 64 16 2582 106 87.7 C (75 Mw) 66.1 80.0 88 142 34 75 3000 394 71.3 D (CombCyc) 59.1 75.0 29 38 60 20 2975 617 632.9 11. One of the main objectives of the project was to support investments in transmission and distribution networks that were postponed in the past due to financial constraints. In this regard, the project included investment programs for strengthening transmission and distribution networks and loan conditions for annual revisions of a least-cost 10-year expansion plan. Although the impact of financial constraints on transmission and distribution investments was not 2 / "Impact of the Mexican economic crisis on the power sector", L. Gutierrez, June 1995. 4 so severe as in the past, there were still substantial reductions in the investment program that cannot be justified by a lower demand (see table 8C). 12. The actual demand increase for 1990-1994 was about 60% of the demand forecast prepared in 1989. However, the actual transmission and distribution investment at the end of this period was less than 25% of the original investment program, while investment in generation was more than 50% of original investment. These figures show that reductions in the transmission and distribution investment programs were larger than the reductions in the demand forecast and that proportionally, generation had priority over transmission and distribution. The following table summarizes this situation: PROGRAM CFE 1990-1994 Investment Program (million 1990 US$) 1990 1991 1992 1993 1994 Generation POISE 89 1133 1763 2022 2158 2306 Actual 883 1005 1540 1492 1149 Actual/POISE89 (%) 78% 57% 76% 69% 50% Transmission POISE 89 391 533 745 883 960 Actual 241 264 263 209 214 Actual/POISE89 (%) 62% 50% 35% 24% 22% Distribution POISE 89 534 610 711 840 942 Actual 381 424 337 264 207 Actual/POISE89 (%) 71% 70% 47% 31% 22% Total Investment POISE 89 2058 2906 3478 3881 4208 Actual 1661 1896 2362 2118 1713 Actual/POISE89 (%) 81% 65% 68% 55% 41% Demand increase Actual/Forecast (%) 67.4% 64.2% 60.0% 59.9% 62.5% Implementation Record and Major Factors Affecting the Project 13. The Bank loan was designed as a sector investment loan to help finance a time slice (1991- 1992) of CFE's ten-year investment program. The Bank funds were assigned to four basic components: a) A special transmission program, to be developed in the period 1990-1993, consisting of the installation of about 10,400 MVA of transformer capacity in power substations and 5 construction of about 700 high voltage feeders and transmission lines with a total length of 7,500 kms. b) A special distribution program to overhaul the distribution grids, to be carried out in the period 1990-1994, consisting of the addition of 2,080 MVA in distribution substations, construction of 1,454 kms of primary feeders, 4,100 MVAR in capacitor banks, improvement of about 32,000 secondary circuits, procurement of switching equipment, meters, switching equipment and supervisory control equipment. c) A first stage of an upgrading and renovation program for steam and combined cycle thermal power plants, to be developed in the period 1990-1994, comprising 38 units with an installed capacity of 6,720 Mw. d) A study of the environmental impact of transmission lines and substations ( health hazards, resettlement and rights-of-way issues) and a country-wide environmental study to determine the extent of present level of pollution caused by thermal power plants, define a program of remedial actions, and implement a training program for CFE and SEDUE on these matters. 14. The loan funds helped finance procurement of goods and services related to the four components. Most of the physical targets were achieved in a four year period instead of the originally planned two-year period, due to budgetary constraints imposed by Government that delayed the implementation of the procurement schedule (see tables 6A and 6B). In 1993, US$125.5 million of loan uncommitted funds that could not be utilized for the transmission component were allocated to supplement financing of the civil works of the Zimapan Hydroelectric Project (financed under loan 3083-ME). For this purpose, the loan agreement was modified on April 11, 1994. This new component is not examined in this ICR, as it will be included in the ICR for loan 3083-ME. The final allocation of loan resources was as indicated below: Category Loan allocation Actual allocation % (actual/initial) S million $ million Transmission 160.0 103.9 65% Distribution program 140.0 136.5 98% Equipment upgrading 103.5 82.6 80% Training 1.0 1.5 150% Zimapan civil works 0.0 125.5 Unallocated 45.0 0.0 Total 450.0 450.0 100% 15. Execution of the transmission program was affected by budgetary constraints that were imposed on CFE quarterly by the Government. In many cases it was necessary to modify delivery schedules for materials procured with Bank resources in order to meet the constraints for the use of counterpart funds. To reduce the negative impact on its expansion plans, CFE decided to build lines and substations under turn-key arrangements with financing and to substitute contractors for CFE's own construction work-force. From 1989 to 1994 CFE reduced from 90% to 30% the portion of construction works done by its own work-force. 6 16. The distribution component included thousands of small works scattered among the thirteen distribution divisions that cover the whole country. CFE placed 41 purchase orders for equipment and materials financed out of the loan resources. From 1990 to 1992 investment in distribution increased substantially over investment levels in previous years, mainly as a result of the relaxation of budgetary constraints. However, in 1993 and 1994 investments were subject again to severe budget ceilings as indicated in the table below. These constraints were partially offset by a reduction in the reserve margins in power and distribution transformers, and by construction of primary and secondary networks for new connections financed directly by customers and local governments, which in some years amounted to about 30% of the expansion in these networks. Year Investment Consumers Total sales Investment per 1983 N$(000) # (000) (GWh) new consumer (N$/consumer) 1988 11075 11060 63271 1989 10452 11631 68954 18.3 1990 17438 12254 71575 28.0 1991 19878 12899 73641 30.8 1992 21301 13548 75001 38.8 1993 11579 14166 78321 18.7 1994 7610 14797 85619 12.1 17. As discussed above in paras. 9 and 10, CFE advanced substantially in the execution of an ambitious thermal power plant renovation program and met most of its targets. 18. CFE completed, with the assistance of consultants, the two environmental impact studies included in the project. One study analyzed the level and impact of electromagnetic fields and noise generated by transmission lines and high voltage substations, as well as the criteria for selecting transmission lines routes. The results and recommendations of the study were instituted in CFE's design and construction practices. 19. The second study which was completed with the assistance of international consultants focused on the environmental impact of thermoelectric plants and the design of remedial actions for reducing emissions of CO, C02, SO2 and NOx, and disposing of residual waters and solid wastes. As a result of this study CFE established a network to monitor emissions and prevailing winds near thermal power stations, procedures to improve combustion, a program to use cleaner fuels in critical areas (natural gas, fuel mixtures and imported heavy fuel oil with 2% of sulfur), chemical analysis of effluents, ash disposal procedures, and replaced combustion and fuel handling equipment to reduce emissions. 20. A training program for CFE and SEDUE personnel was implemented as part of the environmental impact studies. This included five training courses to disseminate the results of the study on transmission lines and substations and several courses on the environmental impact of thermoelectric plants. 7 21. In 1989, CFE and the Government signed a 5-year Financial Rehabilitation Agreement (FRA) that included a tariff adjustment program, measures to complete a capitalization program for CFE and improve its financial condition, a program to improve CFE operational performance, and procedures to monitor compliance under the agreement. CFE established in 1989 a special division staffed with about 60 persons, responsible for the supervision of the FRA and monitoring the performance at the operational unit level. This division prepared complete and detailed supervision reports on regular basis. In general, most of the performance targets were met (see table below), with the exception of the tariff adjustment program (see para. 7 above). Indicator 1990 1991 1992 1993 1994 Customers/employee Target 209.2 218.3 221.9 227.5 260.5 Actual 211.6 218.9 233.8 251.9 262.1 Sales/employee (MWh) Target 1329 1384 1454 1537 1558 Actual 1295 1319 1355 1447 1585 Efficiency thermal plants (%) Target 33.5 33.8 33.8 34.1 34.6 plants plants Actual 33.6 33.8 34.1 34.4 34.3 Availability thermal Plants (%) Target 78.9 78.8 78.9 79.8 81.5 Actual 78.9 78.5 83.8 85.5 86.0 Energy losses (%) Target 10.9 10.7 10.6 10.4 11.7 Actual 10.6 10.6 11.3 11.7 11.0 22. CFE met the financial targets established in the FRA and in the loan conditions up to 1993. However, with the drop in real terms of average tariffs in 1994, CFE fell short of the rate of return target for that year, although it maintained a high liquidity due to a lower than expected investments. The following table summarizes the main financial indicators: Indicator 1990 1991 1992 1993 1994 Rate of return Target 2.8% 3.7% >4.0% >5.0% >6.0% Actual 4.3% 6.3% 6.5% 5.8% 4.0% Internal cont. invest. Target >40% >40% >40% >40% >40% Actual 66% 73% 59% 70% 78% 23. CFE advanced substantially in the implementation of the recommendations of the studies carried out under loan 3083-ME, as required in loan 3189-ME. First, it implemented the recommendations for improving operation and maintenance practices for generation, transmission and distribution facilities. Second, it is planning to decentralize operations and implement a new salary and incentive plan based on productivity gains, according to the consultants' recommendations. In this regard, CFE is in the process of establishing a holding company structure with separate generation, transmission and distribution business centers for each power plant (152), transmission areas (9) and distribution divisions (13). It has established a new cost accounting system that keeps separate accounts for each business unit and measures productivity 8 gains that are used as a basis for salary increases. In summary, CFE is establishing a new management style based on commercial principles and incentives for greater efficiency. Finally, CFE has partially implemented the main recommendations of the tariff study based on marginal costs, related to cost reflective tariff structure for industrial consumers. 24. Project implementation was affected mainly by budgetary constraints imposed by Government to CFE and by time-consuming procurement procedures and other factors (e.g. suppliers-related problems). Budgetary constraints imposed annually by the Government to meet macroeconomics targets affected disbursement of counterpart funds negatively and had serious implications for project implementation. Due to the fact that loan funds were allocated only for the procurement of goods and consultant services and turn-key arrangements were not considered, in some cases goods procured with loan funds (specially for the transmission component) were delivered but could not be installed because of lack of counterpart funds for installation of these goods. In other cases, it was necessary to cancel ICB's that were already underway. These problems delayed project implementation and jeopaidized a full utilization of the Bank resources. 25. In general, the Banks procurement procedures adopted under the loan proved to be time- consuming, especially for a borrower that was not used to the procedures established in the Bank's guidelines and to the long time usually taken for the publication of bidding notices and the review by the Bank of major decisions. CFE noticed that it took much longer to procure goods under the Bank's guidelines than under its own internal procedures which were generally limited to national suppliers. On the other hand, opening up the local market to international competition resulted in bid prices substantially lower than the official cost estimates. In some cases, local suppliers were able to win 60% of contracts by reducing the prices they normally bid under LCB procedures. Project Sustainability 26. It is likely that achievement of most of the project objectives, which included promoting improvements of thermoelectric power plants, strengthening of CFE's capabilities to address environmental issues, improvement of CFE's operational performance and support of investments in transmission and distribution, will prove sustainable. During the 1990-1994 period, CFE underwent a commercialization process which included a reorganization around business units; the implementation of a system to measure performance at the unit level; the establishment of separate accounts for the generation, transmission and distribution businesses; the improvement in operational performance, strengthening of its financial position; and the incorporation of environmental considerations in the design and operation of power projects. CFE is now discussing with the Government measures to obtain greater autonomy in relation to budget, procurement, staff recruiting, borrowing and management decision. 27. On the other hand, the Government has initiated an institutional reform in the electricity power sector that will create a competitive environment for CFE: it passed legislation in late 1992 to allow the development of independent power generation projects (IPPs), created an Energy Regulatory Commission (ERC) in early 1994 as an advisory body to the Ministry of Energy and Mines (SEMIP) , and in 1994 and 1995, SEMIP issued regulations about wheeling charges, energy sales to the grid by self-generators and cogenerators, and back-up power charges, 9 which are necessary for the successful operation of IPPs. The Government has prepared a law to create an autonomous ERC and strengthen the regulatory framework to create a competitive environment. Furthermore, a working group at the Ministry of Finance is studying the possibility of privatizing some of CFE's generation plants. 28. Therefore, a reform for greater competition and efficiency is taking place in the electricity power sector and CFE is decentralizing its operations for greater autonomy and accountability of its business units. These changes are conducive to sustaining the achievements generated by the project. However, several difficult decisions, necessary to continue improving the efficiency and quality of electricity service still need to be made. These include: (i) tariff adjustments to offset the negative impact of the massive devaluation of early 1995 on tariff levels in real terms; (ii) grant greater autonomy to CFE so that it can operate as a commercial enterprise and (iii) complete the establishment of a regulatory framework that promotes competition and the participation of private capital as main instruments to improve efficiency and implement a sound tariff policy. 29. In relation to the improvements made to mitigate the environmental impact of power projects, it is likely that they will prove to be sustainable and that CFE will continue to improve in this area. The 1988 General Law on Ecological Equilibrium (GLEE), complemented by norms and regulations issued in 1993 and 1994, has established a program to tighten emission standards for thermal plants to comply in the medium term with international regulations. SEMIP has prepared a new fuel policy in order to improve the quality of local heavy fuels used for power generation so as to comply with new regulations. Furthermore, the Government is committed to meeting new targets on emission control by obligations under the free trade agreement (TLC) with the USA and Canada. Bank Performance 30. The Bank's performance was satisfactory. Bank staff had to assist GOM in defining and preparing a new project for a borrower that did not have any recent experience with Bank operations (the previous loan to the power sector had been completed in 1974) " . Project preparation and appraisal took about two years, from April, 1988 to march, 1990, and three preparation missions visited Mexico during this period. The basis for defining the project, CFE ten year investment program and the special programs for generation, transmission and distribution works, were reviewed in detail with the assistance of consultants. The project was well defined and realistic loan conditions were agreed with the borrower. 31. Project implementation was supervised by nine Bank's missions from 1990 to 1995 (about two per annum), which are adequate for a project that did not experience major execution problems (see table 11). In late 1993, Bank staff, aware of the negative impact on project execution by the budget ceilings imposed on CFE's investment program and the delays in the procurement process, discussed with the borrower alternatives for reallocating the loan balance 3 / Loan 3083-ME for the Hydroelectric Development Project was prepared simultaneously with loan 3189-ME and was approved in september, 1989 10 and made arrangements to modify the loan agreement in order to allocate uncommitted funds to the Zimaptin Hydroelectric Project. Problems related to missing the targets of the tariff adjustment program (see para. 7) emerged in late 1993, and were noticed at that time by a Bank's supervision mission. However, this did not become a serious issue probably because CFE was able to meet some of the financial targets (internal contribution to investment) with lower tariffs. Only in early 1995, in the middle of the economic crisis, it was evident that a substantial tariff increase would be necessary. 32. The Borrower complained in the Final Project Progress Report about the delays in the procurement process due to the time-consuming procedures used for the publication of bid notices in the Development Business and for obtaining no-objections from the Bank for tender documents, bid evaluation and contract awards. The Borrower argued that this was a main cause for delays in implementing the procurement program. However, one cannot blame these delays on the Bank's staff but on the procurement procedures for ICB. On the other hand, the borrower recognized the benefits of using ICB related to lower prices and better compliance by contractors with tender conditions. Borrower Performance 33. The borrower's performance was satisfactory in spite of problems resulting from budget ceilings, procurement and tariffs. CFE established an implementation unit, submitted timely progress reports, submitted information and reports as indicated in the loan agreement and implemented the project diligently in spite of the external constraints imposed on this institution. By and large, project delays were caused by the investment ceilings imposed by the Government which required rescheduling deliveries and reprogramming construction and installation of transmission and distribution works. Also, CFE adopted the recommendations of consultants to improve its performance by reorganizing operations and implementing new norms and procedures. 34. The Government made major advances in improving CFE financial situation and performance by implementing the FRA, capitalizing CFE's debt and authorizing tariff increases during the initial years of the operation. Probably the reduction of electricity tariffs for large industrial consumers in late 1993 was prompted by political considerations to gain support for a free-trade policy and it was partially justified by the implementation of marginal cost tariffs. However, at the end, its final financial impact was serious, worsened first by delays in adjusting residential tariffs in real terms, and finally, by the economic crisis of late 1994 that could hardly be anticipated. Future Operation 35. The Bank loan supported a sector investment project that involved most of the activities performed by CFE. Although there are no special plans to monitor, evaluate and improve the future benefits of the project, CFE and the Government have taken several measures that most likely will sustain the project. CFE has improved its procedures and methodologies to prepare expansion plans for generation, transmission and distribution systems, prioritize investment decisions, monitor performance of its business units, and establish efficient pricing policies. Also, CFE has revised its expansion planning practices with the assistance of qualified international 11 consultants4 and is introducing probabilistic techniques in the preparation of its least cost expansion plans. In addition, CFE is implementing an ambitious program to establish computerized geographic information systems and computer-aided design and planning for distribution networks; is implementing a sophisticated accounting and information system to monitor performance of its business unit, and it has completed a comprehensive marginal cost tariff study. Key Lessons Learned 36. There are project and sector-related lessons. Related to the project, the main lesson is that despite the fact that the project was defined as a time-slice of the entire investment program, the Bank concentrated on the specific works in the investment program which it financed. A more comprehensive review of the entire investment program would have been justified and necessary, specially in a situation of budgetary constraints. 37. A second project-related lesson is the importance of procurement arrangements. Awarding separate contracts for construction of civil works and supply of equipment and materials required to implement the transmission component did not work well under the budgetary constraints imposed for the execution of CFE's investment program. Due to lack of counterpart funds, CFE had to delay or suspend civil work contracts, hold back procurement of new equipment and disbursement of loan funds, and keep expensive equipment in storage waiting to be installed. It would had been more efficient to finance turn-key contracts to ensure that the studies, works, and procurement of equipment and materials required to complete each project were properly financed and coordinated. 38. A third project-related lesson is that ICB proved its worth. In spite of some delays with time-consuming ICB procurement procedures, the borrower acknowledged its benefits: lower prices, better quality and, at the end, benefits to the local industry. Competitive bidding for large quantities forced the local industry to lower prices, make strategic alliances and improve its manufacturing facilities. About 60% of contracts were awarded to local suppliers at a lower price than previous contracts placed by CFE with the same manufacturers following LCB procedures. 39. The main sector-related lesson is that it is difficult for the Government to keep long-term sector policy commitments in a sector dominated by state-owned enterprises operating under a weak regulatory framework. In spite of a good start in implementing a tariff adjustment program during 1991-1992, most of real increases in tariffs were lost in a one-year period due to tariff actions prompted by political considerations: tariff reductions for industrial consumers and delays in adjusting tariffs for residential consumers and farms. Most likely, the Government would have faced difficulties in reversing sector policy, had the sector operated under an independent regulatory framework with strong participation of private utilities. 4 / PROMON Eng. from Brazil. - 12 - PART H - STATISTICAL ANNEXES Table 1: Summary of assessments Table 2: Related Bank Loans (preceding and following operations) Table 3: Project Timetable Table 4: Loan Disbursements: Cumulative estimated and actual Table 5: Key indicators for project implementation Table 6A: CFE's Program Physical Targets Table 6B: 1990-1994 CFE's Program Physical Targets - Summary Table 7: Studies included in Project Table 8A: Project Costs. Actual vs. estimated Table 8B: Project Financing Table SC: Investment Program. Actual vs. Programmed Table 9: Status of Legal Covenants Table 10: Bank Resources - Staff Inputs Table 11: Bank Missions Table 12: Electricity Tariffs - 13 - IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT (LOAN 3189-ME) Table 1: Summary of Assessments A. Achievements of objectives Substantial Partial Negligible Not Applicable Financial objectives x Institutional development x Physical objectives x Environmental objectives x B. Project Sustainability Likely Unlikely Uncertain X Highly C. Bank performance Satisfactory Satisfactory Deficient Identification x Preparation x Appraisal x Supervision x Highly D. Borrower performance Satisfactory Satisfactory Deficient Preparation x Implementation x Covenant Compliance x Highly E. Assessment of outcome Satisfactory Satisfactory Unsatisfactory x - 14 - IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT (LOAN 3189-ME) Table 2: Related Bank Loans Loan No. Loan Amount Year of and Project Name (USsmillion) Purpose Approval Status The previous related Bank Loan was the Eleventh Power Project, that was completed in 1974. 3083-ME: Hydroelectric 460 Financing construction of two hydroelectric 1989 The project is on schedule and Development Project projects (1240 MW), development of a social major objectives are being met. and environmental program for hydro projects, Project completion expected by and preparation of energy conservation studies. 12/31/95. - 15 - IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT (LOAN 3189-ME) Table 3: Project Timetable Date planned Date actual/ Event latest estimate Identification n/a n/a Preparation 2/6/89 5/25/89 Appraisal 6/29/89 1/ 6/29/89 Negotiations 3/15/90 1/ 3/20/90 Board Approval 4/1/90 4/17/90 Signing 5/1/90 9/25/90 Effectiveness 5/1/90 11/28/90 Last Disbursement 6/1/93 5/22/95 Project Completion 12/1/92 8/1/95 Loan Closing 12/31/93 12/31/94 1/ As planned in the Final Executive Summary of June 19, 1989 - 16 - IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT (LOAN 3189-ME) Table 4: Loan Disbursements: Cumulative Estimated and Actual (in US$ million) Bank Fiscal Appraisal Actual Actual as % Date of final Year estimate of estimate disbursement FY90 50.0 0.00 0% FY91 175.0 99.22 57% FY92 350.0 234.24 67% FY93 450.0 313.84 70% FY94 450.0 341.32 76% FY95 450.0 450.00 100% 5/22/95 - 17 - IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT (LOAN 3189-ME) Table 5: Key Indicators for Project Implementation. Key Implementation Indicator in SAR report 1990 1991 1992 1993 1994 Customers/employee Estimated 209.2 218.3 221.9 227.5 260.5 Actual 211.6 218.9 233.8 251.9 262.1 Sales/employee (MWh) Estimated 1329 1384 1454 1537 1558 Actual 1295 1319 1355 1447 1585 Efficiency thermal plants(%) Estimated 33.5 33.8 33.8 34.1 34.6 Actual 33.6 33.8 34.1 34.4 34.3 Availability thermal Plants (%) Estimated 78.9 78.8 78.9 79.8 81.5 Actual 78.9 78.5 83.8 85.5 86 Energy losses(%) Estimated 10.9 10.7 10.6 10.4 11.7 Actual 10.6 10.6 11.3 11.7 11 Rate of return (%) Estimated 2.8% 3.7% >4.0% >5.0% >6.0% Actual 4.3% 6.3% 6.5% 5.8% 4.0% Internal contribution to investment (%) Estimated >40% >40% >40% >40% >40% Actual 66% 73% 59% 70% 78% - 18 - IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT (LOAN 3189-ME) Table 6A: CFE's Program Physical Targets. 1989 1990 1991 1992 1993 1994 Total Sales (GWh) Forecast 91,231 96,537 102,132 108,046 115,322 123,162 Increase 5,306 10,901 16,815 24,091 31,931 Real 90,469 94,069 96,786 99,611 103,292 108,707 Increase 3,600 6,317 9,142 12,823 18,238 % real/forcst j 67.8%1 57.9% 54.4% 53.2% 57.1% Gross Generation (GWh) Forecast 110,450 116,791 123,655 130,731 139,348 148,751 Increase 6,341 13,205 20,281 28,898 38,301 Real 110,724 115,000 119,199 122,902 128,046 134,663 Increase 4,276 8,475 12,178 17,322 23,939 % real/forcst 1 67.4% 64.2% 60.0% 59.9% 62.5% Capacity increase of Thermoelectric Plants (in MW) POISE (89/12/31) 508 1,260 397 755 1,944 2,037 POISE (90/11/01) 680 1,025 1,050 3,190 2,085 POISE (91/10/08) 1,373 1,240 1,660 1,573 POISE (92/11/01) 278 1,410 1,720 POISE (93/10/08) 2,110 1,720 POISE (94/06/17) 1,495 Capacity Increase of Hydroelectric Plants (in MW) POISE (89/12/31) 298 55 160 580 POISE (90/11/01) - 350 - 100 648 POISE (91/10/08) 110 120 640 600 POISE (92/11/01) - 120 960 POISE (93/10/08) 240 960 POISE (94/06/17) 960 Transmission Lines (kms) POISE (89/12/3 1) 2,200 4,322 POISE (90/11/01) 2,374 2,709 POISE (91/10/08) 2,145 2,469 POISE (92/11/01) 1,902 2223 POISE (93/10/08) 667 3,405 POISE (94/06/17) 1,959 Power Substations (MVA) POISE (89/12/3 1) 2,503 8,458 POISE (90/11/01) 4,177 5,506 POISE (91/10/08) 3,841 7,533 POISE (92/11/01) 3,928 6,280 POISE (93/10/08) 1,986 6,901 POISE (94/06/17) 2,815 Note: POISE refers to CFE least-cost invesment program, that is revised annually. The number in parenthesis indicates the date of the revision (year/month/day). Quantities highlighted correspond to actual execution. - 19 - IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT (LOAN 3189-ME) Table 6B: CFE's 1990-1994 Program Physical Targets - Summary PROGRAM Target Actual % (act/targ) Generation Commissioned (in MW) 6,771 6,565 97% Start construction (MW) 6,174 4,045 66% Transmission Substations (MVA) 10,400 9,817 94% Transmission lines (kms) 7,500 7,557 101% Feeders (units) 700 633 90% Distribution Subtrabsmission lines (kms) 500 500 100% Primary Feeders (kms) 1,454 1,794 123% Distribution lines (kms) 18,800 34,900 186% Power Transformers (MVA) 1,250 4,261 341% Capacitors (MVAR) 4,100 425 10% Meters (thousand units) 5,550 6,856 124% Switching Equipment (units) 45,000 45,000 100% Thermal Plants Renovation Increase availability (MW) 678 721 106% Recuperate nameplate capacity (MW) 418 131 31% Improve efficiency (kcal/kwh) 1,262 906 72% General Plant Total investment ($ million) 184 183 99% - 20 - IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT (LOAN 3189-ME) Table 7: Studies Included in Project Study Purpose as defined at appraisal Status Impact of study Analysis of the environmental impact Completed Improved CFE practices for of thermoelectric plants and design the design and operation of of remedial actions. thermoelectric plants. 2 Analysis of the level and impact of Completed Confirmed that current designs electromagnetic fields and noise are sound. generated by transmission lines. - 21 - IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT (LOAN 3189-ME) Table 8A: Project Costs Appraisal estimate S$M) Actual/latest estimate (USSM) Concept Local Foreign Total Local Foreign Total Costs Costs Costs Costs Costs Costs Generation program 2,214.0 1,581.5 3,795.5 N/A N/A 7,584.0 Transmission program 762.9 516.7 1,279.6 N/A N/A 1,369.0 Project component 417.9 281.6 699.5 N/A N/A 648.5 Other transmission 345.0 235.1 580.1 N/A N/A 720.5 Distribution program 688.9 648.9 1,337.8 N/A N/A 1,754.0 Project component 257.8 242.1 499.9 N/A N/A 594.8 Other distribution 431.1 406.8 837.9 N/A N/A 1,159.2 Equipment upgrading 260.2 302.0 562.2 N/A N/A 539.0 Project component 85.5 98.1 183.6 N/A N/A 225.4 Other upgradings 174.7 203.9 378.6 N/A N/A 313.6 General Plant 101.3 50.9 152.2 N/A N/A 429.0 Total Cost 4,027.3 3,100.0 7,127.3 N/A N/A 11,675.0 - 22 - IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT (LOAN 3189-ME) Table 8B: Project Financing Appraisal estimate (USSM) Actual/latest estimate (US$M) Local Foreign Total Local Foreign Total Sources of financing Costs Costs Costs Costs Costs Costs IBRD loan 450.0 450.0 N/A N/A 450.0 IDB loan 300.0 300.0 N/A N/A 300.0 Other IBRD loans 133.0 133.0 N/A N/A 133.0 Other external contributions 1,922.7 1,922.7 N/A N/A 3,103.0 Domestic contributions 4,027.4 294.3 4,321.7 N/A N/A 7,689.0 Total Financing 4,027.4 3,100.0 7,127.4 N/A N/A 11.675.0 - 23 - IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT (LOAN 3189-ME) Table 8C: CFE's Investment Program Actual vs. Programmed (in million of 1990 US$) Expansion Plan 1989 1990 1991 1992 1993 1994 Generation POISE (89/12/31) 621 1,133 1,763 2,022 2,158 2,306 POISE(90/11/01) 883 1,473 1,879 1,635 1,823 POISE (91/10/08) 1,005 1,901 1,408 1,667 POISE (92/11/01) 1,540 1,300 1,238 POISE (93/10/08) 1,492 1,091 POISE (94/06/17) 1 1,149 Transmission POISE (89/12/31) 300 391 533 745 883 960 POISE (90/11/01) 241 406 398 412 383 POISE (91/10/08) 264 475 456 423 POISE (92/11/01) 263 424 408 POISE (93/10/08) 209 137 POISE (94/06/17) 1 214 Distribution POISE (89/12/31) 258 534 610 711 840 942 POISE (90 11/01) 381 534 523 396 319 POISE (91/10/08) 424 494 405 352 POISE (92/11/01) 337 461 487 POISE (93/10/08) 264 204 POISE (94/06/17) 1 1 207 Equipment Upgrading POISE (89/12/31) 181 POISE (90/11/01) 156 261 239 184 149 POISE (91/10/08) 134 125 94 73 POISE (92/11/01) 125 123 130 POISE (93/10/08) 77 59 POISE (94/06/17) 1___1 _1_1_46 General Plant POISE (89/12/31) 58 POISE (90/11/01) 57 69 48 31 26 POISE (91/10/08) 74 97 101 107 POISE (92/11/01) 63 76 77 POISE (93/10/08) 61 97 POISE (94!06/17) 1 1 _ 1 _ 96 Total Investment POISE (89/12/31) 1,418 2,058 2,906 3,478 3,881 4,208 POISE (90/11/01) 1,661 2,674 3,039 2,627 2,674 POISE (91/10/08) 1,896 3,043 2,394 2,541 POISE (92/11/01) 2,362 2,409 2,370 POISE (93/10/08) 2,118 1,568 POISE (94/06/17) ___________ _____ 1,7 13 %REAL/POISE89 100.0% 80.7% 65.2% 67.9% 54.6% 40.7% Note: POISE refers to CFE least-cost invesment program, that is revised annually. The number in parenthesis indicates the date of the revision (year/nonth!day). Quantities highlighted correspond to actual execution. - 24 - IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT (LOAN 3189-ME) Table 9: Status of Legal Covenants Original Revised Covenant Present fulfillment fulfillment Agreement Section type status date date Description of covenant Guarantee 3.03 12 C Take all necessary measures to ensure that SEDUE's personnel shall receive training under Parts B. 1 and B.2 of the project. 3.06 12 C Modify the domestic oil price used by CFE for electric power generation, to reach international border prices. Project 2.06 12 C Implement the recommendations of the studies included under parts D. 1 and D.2 of Loan 3083-ME 2.07(a)(i) 10 C 9/30/90 Initiate the studies under parts B.1(a) and B.2 (a) of the project. 2.07(a)(ii) 10 C 9/10/91 12/31/91 Carry out and complete the above studies 2.07(a)(iii) 9 C 12/31/92 Exchange views with the Bank on said studies, and provide an Action Plan. 2.07(a)(iv) 10 C Implement the above Action Plan. 2.07(b) 5 C 12/31/92 Carry out the training program included in parts B. 1. and B.2 of the project under a plan satisfactory to the Bank. 4.02(a) 9 C annual Update the ten-year investment plan based on a technical and economic analysis. 4.02(b) 2 C Execute only the installations included in the updated ten-year investment plan. 4.02(c) 9 C Review with the Bank annually, by October 31, progress in carrying out the ten-year investment plan. - 25 - IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT (LOAN 3189-ME) Table 9: Status of Legal Covenants Original Revised Covenant Present fulfillment fulfillment Agreement Section type status date date Description of covenant 4.02(d) 2 C Review with the Bank the progress in carrying out the FRA, by March 31 of each year. 4.03(a) 2 CP Earn an annual rate of return of not less than: 4% in 1992, 5% in 1993, 6% in in 1994, 6.5% in 1995, and 7% in 1996 and thereafter. - 26 - IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT (LOAN 3189-ME) Table 10: Bank Resources: Staff Inputs Planned Actual Stage of Project Cycle Weeks US$ (000) Weeks US$ (000) Preparation to Appraisal NA NA 23.5 56.7 Appraisal NA NA 21.8 60.6 Negotiations - Board NA NA 6.0 16.7 Supervision 1/ 21.0 85.4 55.8 171.5 Completion 6.0 12.8 5.0 15.8 TOTAL 112.1 321.3 NA not available 1/ Planned data includes FY94 and FY95 only. Actual data: from FY90 thru FY95. - 27 - IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT (LOAN 3189-ME) Table 11: Bank Missions Number Specialized Performance Rating 2/ Stage of Project of staff skills Person-day Implementation Development Types of Cycle Date persons represented 1/ in field Status Objectives problems 3/ Preparation 3/10/89 3 ENG, FA 25 not applicable not applicable Appraisal 7/19/89 6 ENG,FA, 90 not applicable not applicable ECO, ENV Supervision I 8/3/90 4 ENG,FA,ENV 15 1 1 Supervision II 2/1/91 4 ENG,FA,ENV 15 1 1 Supervision III 8/30/91 4 ENG,ENV,SYS 20 1 1 Supervision IV 3/6/92 5 ENG,FA,ECO, 20 1 1 ENV Supervision V 6/1/93 3 ENG,FA, ENV 22 2 1 F, P Supervision VI 10/30/93 5 ENG,FA,ENV, 25 2 1 F, P LAW Supervision VII 4/1/94 1 ENG 2 2 1 F, P Supervision VIII 11/18/94 4 ENG,FA, ECG 24 S S Supervision IX 5/25/95 2 ENG,FA 12 S S I ENG - Power Engineer; FA - Financial Analyst; ECO - Economist; ENV - Environmental Specialist; SYST - Systems Engineer; LAW - Lawyer 2 1 - Problem Free; 2 - Moderate Problems; HS - Highly satisfactory; S - Satisfactory 3 F - Financial; P - Procurement NA - Not Available IMPLEMENTATION COMPLETION REPORT MEXICO TRANSMISSION AND DISTRIBUTION PROJECT (LOAN 3189-ME) Table 12: 1989-1995 Electricity Tariffs (in constant 1994 prices) 1989 1990 1991 1992 1993 1994 19953/ Avrge. tariff 2/ Avrge. tariff Avrge. tariff Avrge. tariff Avrge. tariff Avrge. tariff Avrge. tariff CATEGORY NS/kwh %incr. N$/kwh %incr. NS/kwh %incr. NS/kwh %incr. NS/kwh %incr. NS/kwh %incr. NS/kwh %incr. Residential 0.144 0.0% 0.171 19.3% 0.199 38.9% 0.218 51.8% 0.214 49.0% 0.213 48.3% 0.195 36.2% General <25kw 0.396 0.0% 0.404 2.2% 0.443 11.9% 0.476 20.3% 0.481 21.6% 0.483 22.0% 0.443 12.0% General >25 kw 0.380 0.0% 0.380 -0.2% 0.400 5.2% 0.419 10.1% 0.424 11.5% 0.420 10.6% 0.386 1.6% Public lighting 0.238 0.0% 0.362 52.0% 0.392 64.9% 0.422 77.4% 0.429 80.2% 0.418 75.7% 0.384 61.4% Water supply pumping 0.199 0.0% 0.221 11.4% 0.235 18.4% 0.256 28.5% 0.262 31.6% 0.255 28.4% 0.235 18.0% Medium voltage 0.223 0.0% 0.221 -0.7% 0.231 3.5% 0.233 4.7% 0.226 1.7% 0.211 -5.3% Irrigation 0.043 0.0% 0.048 10.6% 0.087 100.2% 0.112 158.7% 0.133 207.9% 0.128 194.7% High voltage 0.167 0.0% 0.154 -7.6% 0.166 -0.8% 0.160 -4.3% 0.146 -12.7% 0.123 -26.2% Total 0.189 0.0% 0.199 5.4% 0.220 16.6% 0.233 23.4% 0.229 21.1% 0.216 14.2% Annual increase 5.4% 10.6% 5.8% -1.8% -5.7% Target in FRA Cummulative 9.0% 18.8% 25.9% 31.0% 38.8% Annual increase 9.0% 9.0% 6.0% 4.0% 6.0% Annual inflation (PPI) 1/ 22.7% 19.1% 12.0% 6.6% 6.4% 40.4% Annual devaluation 14.3% 6.3% 2.7% 2.0% 3.8% 81.3% Source: Financial Rehabilitation Agreement (FRA) 1/ Productor price index 2/ % increase is cumulative with respect to 1989 tariffs 3/ Tariff increase estimated based on a 20% increase authorized in march/95 and a monthly increase of .797% - 29 - APPENDIXES  -30 - PRESTAMO 3189-ME COMISION FEDERAL DE ELECTRICIDAD (CFE) INFORME FINAL DEL PROYECTO DE TRANSMISION, DISTRIBUCION Y REHABILITACION 1990-1994 BANCO INTERNACIONAL DE RECONSTRUCCION Y FOMENTO SUMARIO EJECUTIVO INTRODUCCION. El presente Informe constituye un esfuerzo de síntesis para describir, en términos generales, pero de manera clara y objetiva, los resultados y experiencias obtenidas de la instrumentación, administración y ejecución del Proyecto, que fue financiado parcialmente por el Préstamo 3189-ME. El destinatario en primera instancia, es el Banco Internacional de Reconstrucción y Fomento (BIRF), Institución que a través del Oficial del Proyecto, siguió de cerca y en todo momento la evolución y concreción del mismo; por tal motivo este Sumario Ejecutivo, no constituye un documento en el que se expliquen a detalle las diversas operaciones y/o actividades desarrolladas; si no más bien, partiendo de la experiencia adquirida entre el Banco y CFE. Las metas y logros alcanzados, se comentan bajo un espíritu autocrítico y propositivo y las observaciones sobre el Proyecto son el mismo sentido. No obstante lo anterior, se incluyen en el VOLUMEN 2, ANEXOS, el detalle de las principales actividades desarrolladas en cada Categoría del Proyecto y todos los informes de avance. Esta información será de gran utilidad, tanto para el lector no involucrado en el tema, como para quien desee adentrarse en aspectos específicos del Proyecto. ANTECEDENTES. 1.- La evaluación del Proyecto, motivo de este Préstamo, se llevó a cabo en mayo de 1989. Los trabajos conjuntos del BIRF y CFE, se enfocaron al análisis y discusión de los Documentos base: "Programa de Obras e Inversiones del Sector Eléctrico" (POISE) del año de 1989, "Programa de Construcción de Obras en el Area de Transmisión", "Programa Especial para Ampliaciones y Mejoras en el Area de Distribución" y "Programa Especial de Modernización de las Centrales Termoeléctricas" los que se utilizaron para la elaboración del Reporte Ejecutivo de Evaluación o Documento Base (Staff Appraisal Report - SAR de 20/marzo/1990). El SAR resume el alcance del Proyecto y sirvió como base para la elaboración de los Documentos Legales del Préstamo, firmados el 25 de septiembre de 1990, con efectividad a partir del 28 de noviembre del mismo año y por un importe de US$450.0 millones. -31- PRESTAMO 3189-ME 2.- Considerando que en la evaluación del ejercicio del Préstamo, realizada en 1993, existía un saldo que no sería utilizado para ejecutar las obras inicialmente establecidas en el Proyecto, el Contrato del Préstamo fue modificado el 11 de abril de 1994, para incluir el financiamiento parcial de las obras civiles del Proyecto Hidroeléctrico Zimapán. El presente Informe no incluye el Proyecto Zimapán, ya que éste será analizado en el Informe Final del Proyecto de Desarrollo Hidroeléctrico, financiado por el Préstamo 3083-ME del Banco Mundial. II OBJETIVOS. 3.- El objetivo de este Informe es evaluar el desempeño de CFE respecto a lo planteado en el SAR; todo ello a partir de un espíritu autocrítico y positivo a fin de retomar la experiencia adquirida en las diferentes etapas de ejecución del Proyecto, para su aplicación en futuras operaciones similares. 4.- Es conveniente señalar que el SAR , para la evaluación del Proyecto, se definió a partir del entorno por el que en ese momento atravesaba CFE y el País; entorno que actualmente presenta escenarios diferentes a los de 1989. Estas limitaciones, en cuanto a los efectos de la planeación, modificaron tanto el grado de cumplimiento de los objetivos, como las propias nietas. 5.- El SAR planteó como objetivos generales del Proyecto los siguientes: a.- Llevar a cabo la Rehabilitación de Centrales Termoeléctricas para reducir las necesidades de inversión en el Sector Eléctrico. b.- Corregir las distorsiones en la estructura tarifaria, principalmente en la reducción de los subsidios. c.- Mejorar la capacidad interna de CFE, para enfrentar los impactos al medio ambiente en la operación de las Centrales Termoeléctricas y construcción de las Líneas de Transmisión y Subestaciones. d.- Apoyar el cumplimiento de las Metas acordadas bajo el Proyecto de Desarrollo Hidroeléctrico (Préstamo 3083-ME). e.- Apoyar al Programa de Transmisión y Distribución 1991-1992, con el objeto de cumplir con el aumento de la demanda de energía eléctrica para uso industrial, comercial y en menor medida la residencial, incrementando la eficiencia y confiabilidad del servicio eléctrico. A continuación se comenta el grado de cumplimiento de estos objetivos: III CENTRALES TERMOELECTRICAS. 6.- En términos generales el Programa Original de Rehabilitación de Centrales Termoeléctricas, contempló tres metas: a.- Incremento de disponibilidad en 678 MW. b.- Reducción de régimen térmico para situarlo en un rango (kcal/kWh) de: - 32 - PRESTAMO 3189-ME 2.606-2,263. c.- Recuperación de Potencia a su Capacidad de Placa en 418 MW. El desarrollo de este Programa se llevó a cabo a través de cuatro subprogramas: i.- Unidades de 300/350 MW. ii.- Unidades de 150/158 MW. iii.- Unidades de 75/84 MW. ¡y.- Unidades de Ciclo combinado. (Ver Tablas 2.3.3 y 2.4.3 en VOLUMEN 2, ANEXO Categoría 3) El alcance original para estos subprogramas fue la rehabilitación de 38 unidades en 12 Centrales Termoeléctricas; el alcance real fue de 8 unidades en 20 Centrales Termoeléctricas. (Ver Tablas 2.4.3 y 5.4.3.1 a la 5.4.3.6a en VOLUMEN 2, ANEXO Categoría 3). El cumplimiento sobre las nietas del Programa fue el siguiente: a.- Incremento de disponibilidad en 721 MW. b.- Reducción de régimen térmico para situarlo en un rango (Kcal/kWh) de: 2,929-2,342. c.- Recuperación de Potencia a su Capacidad de Placa en 131 MW. (Ver Tabla 2.3.3 y Gráficas 1, Pl a P4 en VOLUMEN 2, ANEXO Categoría 3). Las tres metas indicadas en el Programa Original como Metas Físicas, se cumplieron en un 70% para esta Categoría (ver TABLA No. 1). Este Programa (Anexo 3.3.1 del SAR) tenía un costo estimado de US$288.7 millones, para el período 1990-1994, de los cuales se programaron US$164.9 millones para 1991-1992. El Contrato Griginal del Préstamo programó US$103.5 millones (ver TABLA No. 2), para financiar esta Categoría (23% de los US$450 millones). El porcentaje de avance indicado en el cumplimiento de la metas, se logró con la celebración de 25 concursos internacionales, formalizandose 60 pedidos por un monto global de US$106.504 millones, de los cuales el Banco programó el 82.3%, equivalente a US$87.611 millones. Finalmente el ejercicio del Préstamo, fue de US$82.629 millones (se tiene una diferencia de US$(-)4.982 millones, entre lo pagado y lo programado debido a: deslizamiento de otras divisas con respecto al US$Dolar, saldos pendientes de pago a efectuarse con recursos de CFE y penalizaciones a proveedores por retraso en sus entregas, ver TABLA No. 2). Conclusiones: Se cumplieron en forma satisfactoria la mayoría de las metas y se espera alcanzarlas en un lapso aproximado de tres años. Cabe destacar el incremento en la disponibilidad que de 677.74 MW proyectados, se obtuvieron 720.70 MW, lo cual refleja una importante aportación de disponibilidad y confiabilidad al sistema (ver Tablas 5.4.I.D.90-94, 5.4. M.E.T.90-94, 2.3.3. y - 33 - PRESTAMO 3189-ME Gráficas 1, en VOLUMEN 2. ANEXO Categoría 3). Asimismo, se incrementó la Eficiencia Térmica (ver Tabla 5.4.M.E.T.90-94 en VOLUMEN 2, ANEXO Categoría 3), implicando un ahorro de energético de 906.04 Kcal/kWh, dando como consecuencia, un ahorro de combustible del orden de 1.62 millones de barriles de combustóleo/año y 199.094 millones de m' de Gas/año (ver anexo 1 y Gráfica 1 en VOLUMEN 2, ANEXO Categoría 3). Además, la recuperación de Potencia a su Capacidad de Placa por 131 MW, se compara al de una unidad de generación y actualmente estos MW se han incorporado al Sistema Interconectado Nacional. (Ver tabla 5.4.RP.90-94, 2.3.3 y Gráficas 1, Pl a P4 en VOLUMEN 2, ANEXO Categoría 3). IV TARIFAS ELECTRICAS. 7.- En el período del Informe 1990-1994, el nivel de las tarifas eléctricas tuvo un avance considerable. En la TABLA No. 3, se muestra la evolución de las ventas y los precios medios por tarifa, así como los incrementos tarifarios en moneda nacional constante de 1994. El máximo incremento se logró en 1992 en donde el precio medio global alcanzó un nivel de 23.4% real arriba del precio medio observado del primer semestre de 1989. Al final del período del Informe 1990-1994, el precio medio total del kWh fue de 0.2157 N$/kWh que resultó nominalmente casi igual al de 1993, lo anterior debido a que los incrementos de las tarifas 1, 2, 3, 5 y 5A, 6 y 9 fueron contrarrestados por la reducción acordada en octubre de 1993 para las tarifas generales en alta tensión HS y HT. En términos reales el precio medio global de las tarifas en 1994 sufrió un deterioro de 5.7% en relación con el Indice de Precios Productor. Aún así, el precio de 1994, fue superior en 14.3% real al precio medio del primer semestre de 1989. En este período 1990-1994, se avanzó también en las opciones tarifarias. En 1991, se ofrecieron tarifas de tipo horario para los mayores usuarios del sector eléctrico, éstas son las que tienen demandas máximas mayores a 1,000 kW. A partir de esa fecha se han agregado tarifas para altos factores de carga, opciones por demanda contratada, tarifas interrumpibles y tarifas para atender los compromisos derivados de las premisas de generación externa. V ASPECTOS AMBIENTALES. 8.- La Legislación Ambiental Mexicana hace responsable a CFE del control de la contaminación y del impacto ambiental que ocasiona su Infraestructura, por lo que el Banco decidió apoyar esa responsabilidad a través del financiamiento de Estudios para investigar el impacto ambiental ocasionado por Centrales Termoeléctricas, Líneas de Transmisión y Subestaciones, con un costo programado de US$ 1.0 millones (Categoría 4); asimismo, se incluyó un Programa de Entrenamiento (Categoría 5) para capacitar al personal de CFE y - 34 - PRESTAMO 3189-ME Secretaría de Desarrollo Social (SEDESOL, antes Secretaría de Desarrollo Urbano y Ecología - SEDUE), en la aplicación de resultados y recomendaciones obtenidas por los mencionados Estudios. El costo estimado de estos Programas de Entrenamiento fue de US$ 0.5 millones (ver TABLA No. 2). Para cumplir con estos objetivos, CFE realizó licitaciones para la contratación de dos Estudios: a.- Estudios de la afectación al medio ambiente por los Sistemas de Transmisión de Alta Tensión. Para éstos se contrató al Instituto de Investigaciones Eléctricas (IIE). Estos Estudios se iniciaron en septiembre de 1990 y concluyeron en diciembre de 1991, con un costo de N$ 828,329.00. Conclusiones: El Estudio presentó recomendaciones sobre los campos eléctricos y magnéticos, ruido audible, la no utilización de pesticidas y plaguicidas en las áreas de las subestaciones y derechos de vía de líneas de transmisión, mismos que se resaltan como elementos importantes en los parámetros de diseño para los sistemas de transmisión. Simultáneamente, se efectuaron los Cursos de Entrenamiento (Categoría 5), sobre este tema, del 9 de junio de 1991 al 31 de enero de 1992 ( ver VOLUMEN 2, ANEXO Categorías 4 y 5). b .- Estudio del impacto ambiental de Siete Centrales Termoeléctricas. Se contrataron a: Unión Iberoamericana de Tecnología Eléctrica,S.A. (UITESA) y al IIE, para evaluar la naturaleza y volumen de los contaminantes, mediante la caracterización y cuantificación de estas emisiones al medio ambiente. El costo de estos Estudios fue de US$1.8 millones y se iniciaron en mayo de 1991, concluyendo en diciembre de 1992. Conclusiones: El Estudio cumplió con los objetivos que se trazaron y en la actualidad se están aplicando las recomendaciones siguientes: observación de plumas de chimeneas, programas de puesta a punto, cambio de combustible o mezcla de ellos en (algunas) Centrales Termoeléctricas, instalación de equipo de monitoreo de emisiones e inmisiones, análisis de aguas residuales, continuación de la capacitación teórica y práctica; además, se obtuvieron recomendaciones en métodos y sistemas para lograr la reducción de emisiones, incluyendo lo correspondiente al estudio de tratamiento de agua residual y disposición de desechos sólidos. Su resultado ha sido satisfactorio en cuanto al mejoramiento para el control de combustión, emisiones e inmisiones y la utilización de combustibles más limpios. Por lo que se refiere a los Programas de Entrenamiento ( Categoría 5 ), estos se llevaron a cabo entre noviembre de 1991 y marzo de 1992 (ver VOLUMEN 2, ANEXO Categorías 4 y 5). VI APOYO A LAS METAS DEL PRESTAMO 3083-ME. 9.- El Préstamo 3189-ME esta estrechamente relacionado con el Préstamo 3083-ME que financía parcialmente el Proyecto de Desarrollo Hidroeléctrico (Aguamilpa - 35 - PRESTAMO 3189-ME y Zimapán). de tal suerte que algunas de las condiciones de efectividad del primero, constituyeron el cumplimiento de los compromisos contractuales del segundo. Con fondos del Préstamo 3083-ME, CFE realizó licitaciones para elaborar los siguientes Estudios: DI.- Estudio para mejorar la operación de los Sistemas de Potencia de CFE, incluyendo, análisis de criterios de diseño, prácticas de operación y eficiencia de las instalaciones de transmisión y distribución. Resultó ganador para elaborar el Estudio, Electricité De France Internacional (E.D.F.), habiéndose iniciado el 27 de noviembre de 1990 y concluido el 7 de febrero de 1992. Actualmente se están aplicando las recomendaciones derivadas de los Estudios de Eficiencia Operativa formuladas por E.D.F. en materia de Generación, Despacho de Carga, Manejo de Combustibles, Concepción de Centrales en lo relacionado al diseño de nuevas Centrales Termoeléctricas. Estas recomendaciones se aplican por las Subdirecciones de: Generación y Transmisión-Transformación-Control. D2.- Estudio para desarrollar mejoras en los sistemas organizacionales y gerenciales de CFE. La empresa ganadora para elaborar dicho Estudio fue la firma de Consultoría McKinsey que inició actividades a partir del 23 de agosto de 1990, enfocándose principalmente, hacia aspectos de modernización organizativa de la Entidad. Durante el desarrollo del Estudio se incorporaron recomendaciones sugeridas por el Banco sobre el contenido y alcance del mismo. En la visita de la Misión de Supervisión efectuada en octubre de 1992, CFE entregó al Jefe de la misma, el Documento Final que incluyó las observaciones sugeridas por el Banco, principalmente en lo referente a las medidas implantadas y el Programa de Acciones a desarrollar en el futuro. De los beneficios aportados a la Ent;dad, resaltan entre otros, las acciones de sensibilización al cambio, que fueron adoptadas por el Organismo, reflejadas no solo en modificaciones de su estructura organizativa, sino también en la implantación, a través de Programas de Productividad convenidos con el Sindicato Unico de Trabajadores Electricistas de la República Mexicana (S.U.T.E.R.M.), para la aplicación de índices de desempeño a nivel de: empresa, áreas de responsabilidad diferenciadas y trabajadores. Lo anterior, en un ambiente de promoción de la calidad de servicio al cliente, cultura de costos y capacitación continua al personal. D3.- Estudio Tarifario de CFE. Las consultoras ganadoras para realizar este Estudio fueron E.D.F. y Empresa Nacional de Electricidad (E.N.D.E.S.A.) de Chile, desarrollándose en el lapso de septiembre de 1990 a diciembre de 1991. Se realizó en cinco etapas: Diagnóstico; Estudio de la Demanda; Cálculo de Costos Marginales del Sistema ; Estudio de Tarifas Teóricas y Propuesta de Tarifas de Aplicación. - 36 - PRESTAMO 3189-ME El Estudio ha tenido una influencia importante en cuanto a la metodología que aportó a la CFE y sus conclusiones han sido tomadas en cuenta en el diseño tarifario. VII PROGRAMAS DE TRANSMISION Y DISTRIBUCION. 10.- Como apoyo a los Programas para satisfacer el incremento en la demanda de energía eléctrica, con eficiencia y confiabilidad, CFE decidió iniciar un Programa Especial de Transmisión y Distribución, de acuerdo a las metas físicas que se muestran en la TABLA No. 1. a.- Programa de Transmisión, Categoría 1.- Este Programa (Anexo 3.1.1 del SAR) tenía un costo estimado de US$860.0 millones, para el período 1990-1993, de los cuales US$637.1 millones se programaron para 1991-1992. El Contrato Original del Préstamo programó US$160.0 millones (ver TABLA No. 2), para financiar esta Categoría (35% de los US$450 millones). Para alcanzar estos objetivos se celebraron 9 concursos internacionales, formalizandose 22 pedidos con un monto global de US$122.852 millones, de los cuales el Banco programó el 83.4% que equivale a US$102.443 millones. Finalmente el ejercicio del Préstamo, fue de US$103.850 millones (se tiene una diferencia de US$1.407 millones, entre lo pagado y lo programado debido al deslizamiento de otras divisas con respecto al US$Dolar, saldos pendientes de pago a efectuarse con recursos de CFE y penalizaciones a proveedores por retraso en sus entregas, ver TABLA No. 2). Las Metas Físicas programadas para 1990-1993 (Anexo 3.1.0 del SAR) y alcanzadas en el período 1990-1994 son las siguientes: Construcción de 10,400 MVA y 700 alimentadores, en Subestaciones, de los cuales se construyeron 9,817 MVA y 633 alimentadores, lo que representa un avance del 94.4% y 90.4%, respectivamente. En cuanto a Líneas de Transmisión, se programaron 7,500 Km. y la meta alcanzada fue de 7,557 Km., lo que representa un 100.7% de avance respecto al Programa. Calificándose lo anterior como satisfactorio (ver VOLUMEN 2, ANEXO Categoría 1). b.- Programa de Distribución, Categoría 2.- Este Programa (Anexo 3.2.1 del SAR) tenía un costo estimado de US$770.9 millones, para el período 1990-1994, de los cuales US$451.1 millones se programaron para 1991-1992. El Contrato Original del Préstamo programó US$140.0 millones para financiar esta Categoría (31% de los US$450.0 millones). Posteriormente se acordaron dos recategorizaciones con el Banco (ver TABLA No. 2), por lo que de acuerdo a la segunda, se incrementó al 38% del total del Préstamo, quedando un importe a financiar de US$170.0 millones. Para alcanzar estos objetivos se celebraron 11 concursos internacionales, formalizandose 41 pedidos por un monto global de US$169.392 millones, de los - 37 - PRESTAMO 3189-ME cuales el Banco programó el 80.5% que equivale a US$136.385 millones. Finalmente el ejercicio del Préstamo, fue de US$ 136.477 millones (se tiene una diferencia de US$0.092 millones, entre lo pagado y lo programado, debido a: deslizamiento de otra divisas con respecto al USDolar, saldos pendientes de pago a efectuarse con recursos de CFE y penalizaciones a proveedores por retraso en sus entregas, ver TABLA No. 2). Las Metas Físicas programadas inicialmente (Anexo 3.2.0 del SAR) , así como su cumplimiento se muestran en detalle en la TABLA No. 1. En términos generales y con apoyo de la contra-partida de CFE: Solidaridad, Préstamo 591/OC-ME del Banco Interamericano de Desarrollo (BID) y otros Recursos, se logró un avance superior al 100% en ocho de los once subprogramas de la Categoría 2 (ver VOLUMEN 2, ANEXO Categoría 2). VIII DESEMBOLSOS DEL PRESTAMO. 11.- Los fondos del Préstamo debieron financiar, en forma parcial, las inversiones del período 1991-1992, terminando la entrega de los bienes en 1992. Para esto se previó un Programa de Desembolsos del Préstamo (Punto 3.17 y Anexo 3.4.4. del SAR), del 30 de junio de 1990 al 30 de junio de 1993, para permitir la liquidación de los contratos y pago de facturas presentadas durante 1991-1992, quedando programado el cierre del ejercicio del Préstamo al 31 de diciembre de 1993. De hecho, debido a retrasos en la ejecución del Proyecto, fue necesario extender la fecha de cierre del Préstamo hasta el 31 de diciembre de 1994 y los fondos fueron autorizados a desembolsarse totalmente el 22 de mayo de 1995. (Ver TABLA No. 4) Para cumplir con el Programa, conforme a lo indicado en el Contrato del Préstamo, Nacional Financiera (NAFIN), Prestatario del Préstamo, abrió una Cuenta Especial, para la operación, administración y control de los recursos financieros. Las Categorías para la adquisición de equipos y materiales financiados parcialmente por el Proyecto, se agruparon en los siguientes Programas: 1.- Adquisición de equipos para el Programa Especial de Transmisión. 2.- Adquisición de equipos para el Programa Especial de Distribución. 3.- Adquisición de equipos para el Programa Especial para la Rehabilitación de Centrales Termoeléctricas. 4.- Servicios de Consultoría para el desarrollo de Estudios de Impacto Ambiental de Líneas y Subestaciones, así como también de Centrales Termoeléctricas. 5.- Programas de Entrenamiento sobre los resultados de los Estudios del punto anterior, para el personal de CFE y SEDESOL. 6.- No asignados. - 38 - PRESTAMO 3189-ME IX ASPECTOS TECNICOS: DISEÑO. COSTOS, ADQUISICIONES, CONSTRUCCION Y OPERACION DE LOS PROYECTOS. DISEÑO: 12.- En cuanto al diseño, CFE tuvo que realizar, con recursos propios y participación de su personal, lo siguiente: a.- Revisión y modificación de los diseños de los equipos de las Centrales Termoeléctricas que integraron el Programa de Rehabilitación de las mismas. b.- Actualización y revisión de Especificaciones Técnicas para aplicar su cobertura a Normas de los Países miembros del Banco, que propiciaron la competencia internacional, así como la adecuación de los aspectos de operación y mantenimiento. c.- Instalación de Líneas y Subestaciones de Transimisión. d.- Adquisición de tecnología de vanguardia. e.- Elaboración de las Bases Técnicas para la realización del Estudio del Impacto Ambiental en Siete Centrales Termoeléctricas. COSTOS. 13- A continuación se indican los Costos para las Categorías 1 al 5, comparando lo programado en el SAR (Anexos 3.1.1, 3.2.1 y 3.3.1) con los datos reales (para mayor detalle ver la TABLA No. 5). COSTOS POR 1990-1994(millones de US$) 1991-1992(millones de US$) CATEGORIA PROGRAMA REAL PROGRAMA REAL DO DO 1 TRANSMISION * 859.900 * 810.780 * 637.100 648.525 191.708 ** 1,315.762 2 DISTRIBUCION 770.900 1,117.975 451.100 594.804 3 REHABILITACION 288.700 410.416 164.900 225.409 4 CONSULTORIA 1.000 1.344 1.000 0.257 5 ENTRENAMIENTO 0.500 0.500 1,921.000 2,845.497 1,254.600 1,468.995 TOTAL .- Programa Original indica 199- 93 (Anexo 3.1.1 del SAR). - Ejercicio en 1994. ***.- Ejercicio 1990-1994. - 39 - PRESTAMO 3189-ME ADQUISICIONES. 14.- En materia de adquisiciones, se procedió a la aplicación de las Normas utilizadas por el Banco, por lo cual fue necesario homologarlas con la Normatividad vigente en 1989-1994, plasmada en la Ley de Adquisiciones, Arrendamientos y Prestación de Servicios, relacionados con Bienes Muebles (Diario Oficial de la Federación el 8 de febrero de 1985), al igual que el Reglamento de la misma Ley (Diario Oficial de la Federación del 13 de febrero de 1990). También se tuvo que adecuar lo relacionado con los lineamentos del Reglamento para la Aplicación de Penas Convencionales, por Incumplimiento en los Plazos de Entrega y la Especificación Comercial General CFE-L0000-31, cuyos conceptos se integraron parcialmente en las Bases para Licitaciónes Públicas Internacionales. Con las Bases se procedió a particularizar las diversas licitaciones a desarrollar, las cuales fueron integradas en función de las requisiciones y las especificaciones técnicas de las áreas, categorizadas como Transmisión, Distribución y Rehabilitación, elaborándose una misma licitación cuando se solicitaron equipos o materiales similares con diferentes requisiciones. Se realizaron 30 licitaciones públicas y 9 negociaciones, contándose con la presentación de ofertas de 428 participantes nacionales y extranjeros, tomando en cuenta que algunos participaron en varias licitaciones. Teniéndose finalmente la asignación de 118 pedidos y 3 contratos de Consultoría, en diferentes monedas con un importe equivalente a US$400.803 millones, de los cuales el Banco programó US$328.494 millones (82% del total del Préstamo), ya que de acuerdo a su política, solamente financió la adquisición de bienes, Libre a Bordo (LAB) en fábrica, para proveedores nacionales; Costo, Seguro y Flete (CIF) hasta punto de entrada, para proveedores extranjeros, sin incluir Impuestos de Importación, al Valor Agregado (IVA), Fletes y Seguros dentro del Territorio Nacional (ver VOLUMEN 2, ANEXO Gerencia de Abastecimientos). Finalmente el ejercicio del Préstamo, para las Categorías 1 al 5 fue de US$324.492 millones (se tiene una diferencia de US$(-)4.002 millones, entre lo pagado y lo programado, debido a: deslizamiento de otras divisas con respecto al US$Dolar, saldos pendientes de pago a efectuarse con recursos de CFE y penalizaciones a proveedores por retraso en sus entregas; no se incluye aquí el ejercicio por US$76.25 millones para la Obra Civil Zimapán, ver TABLA No. 2). En las adquisiciones desarrolladas bajo este esquema, la afluencia de participantes fue mayor a la registrada en licitaciones internacionales para el mismo tipo de equipos, anteriormente llevadas a cabo por CFE. Esto debido a su difusión en diferentes publicaciones internacionales, de acuerdo a las indicaciones del Banco Mundial. Al tenerse mayor número de participantes, se observó que los precios cotizados, fueron menores a los que normalmente se adquirían los equipos, debido a la - 40 - PRESTAMO 3189-ME misma competencia y los altos volúmenes adquiridos, con lo que se logró reducir los costos de adquisición en beneficio de los Programas a desarrollar. Del desarrollo de las licitaciones se pudo apreciar que el tiempo utilizado en las mismas a partir de la publicación de la convocatoria hasta la firma y entrega de pedidos, fue mayor a los tiempos utilizados para licitaciones normales con recursos de CFE, esto debido principalmente al proceso administrativo, ya que para todas las etapas de la licitación era condición la obtención de la "No Objeción" por parte del Banco Mundial, teniendo que ser enviados los diversos documentos a la sede central del Banco en Washington, D.C., E.U.A. Adicionalmente la solicitud de publicación de convocatorias en el "Development Business" debía ser enviada 35 días antes de la fecha de publicación. 15.- Consideramos cuatro factores principales que afectaron la realización del Proyecto en materia de adquisiciones: a. Factores fuera del control gubernamental o causas fortuitas. El desarrollo del proyecto se vio afectado por la guerra civil de la ex-Yugoslavia, en dos pedidos que consideraban bienes de ese País. b. Factores generalmente sujetos al control gubernamental. En éstos podemos destacar las políticas económicas, sobre todo, la reducción de los techos presupuestales durante el desarrollo del Proyecto, lo que originó su retraso, ya que los recursos de la contra-partida correspondiente a la instalación y puesta en operación de los equipos adquiridos se vieron disminuidos, dando como resultado el defasamiento de los Programas. c.- Factores que inciden en las variaciones de precios de materiales y equipos. Para la adquisición de bienes con alto contenido de materia prima sujeta a fluctuaciones internacionales, se tomó la previsión de establecer precios variables con fórmulas de ajuste, desde las Bases de Licitación. d. Factores sujetos a control interno de CFE. Estos afectaron en forma parcial el desarrollo del Proyecto, ya que los períodos empleados para el desarrollo de las licitaciones fueron afectados por los tiempos de publicación de convocatorias en el Development Business, plazos entre publicación y recepción de ofertas, tiempo de evaluación y obtención de No Objeción en las diferentes etapas del Proyecto. - 41 - PRESTAMO 3189-ME 16.- CONSTRUCCION EN LOS PROGRAMAS DE GENERACION, TRANSMISION, DISTRIBUCION Y REHABILITACION. A continuación se resumen los porcentajes realizados para las metas físicas de las Categorías 1-3, agregando los Programas de Generación e Inversiones Generales (ver puntos 2.33 a 2.39, 3.02 y Anexos 3.1.0, 3.2.0 y 3.3.0 del SAR). PROGRAMA % REALIZADO Generación 81.23 Transmisión (Categoría 1) 95.19 Distribución (Categoría 2) 140.00 Rehabilitación (Categoría 3) 69.42 Inversiones Generales 99.10 Ver Subprogramias en la TABLA No. 1. 17.- OPERACION. De los equipos y materiales adquiridos con fondos del Préstamo, e instalados, su operación ha dado resultados satisfactorios, por lo que a continuación enumeran los comentarios técnicos más importantes Categoría 1.- Mejoramiento en: Las interconexiones de los Sistemas de CFE, al aumentarse la capacidad de las subestaciones y los kilómetros-circuito de líneas de transmisión. Categoría 2.- Mejoramiento en: La distribución de cargas de: transformadores y alimentadores, para bajar los niveles térmicos de operación. El factor de potencia de la energía eléctrica suministrada por CFE. El mantenimiento de las instalaciones de CFE. Las mediciones del consumo de energía eléctrica al aumentarse la cantidad de watthorímetros instalados. Categoría 3.- Mejoramiento en: Incremento en la disponibilidad de MW. Ahorro de combustibles mediante la reducción del Régimen Térmico. Recuperación de Potencia con el aumento de Capacidad de Placa. Actualización de Tecnología. Reducción de tiempos de mantenimiento. - 42 - PRESTAMO 3189-ME X OPINION SOBRE EL CUMPLIMIENTO DE LOS OBJETIVOS. 18.- El cumplimiento de los objetivos descritos anteriormente, que en términos generales puede calificarse como satisfactorio para CFE, le ha permitido hacer frente al rezago en infraestructura eléctrica, situación que había propiciado, entre otros aspectos: reducciones considerables en los márgenes de reserva de capacidad y energía, mayores costos de operación, problemas en la aplicación de los criterios de planeación y operación del sistema; situación que repercutía finalmente en la calidad y continuidad del servicio proporcionado a los usuarios de los diferentes sectores tarifarios. Con la participación de CFE en la apertura comercial, a nivel internacional, las licitaciones de materiales y equipos, permitieron que dichos insumos se adquirieran a menor precio y mejor calidad. Esta situación tuvo un efecto positivo en la Industria Nacional, la cual mejoró sus procesos de fabricación que le permitieron adjudicarse una parte significativa de las licitaciones internacionales realizadas, ya que de un total de 118 pedidos de la adquisición de bienes, para las Categorías 1 a 3, por un monto global de US$398.742 millones, con un programa de financiamiento del Banco por US$326.439 millones, se adjudicaron 69 pedidos a proveedores nacionales por un monto a financiar de US$192.644 millones, que representa el 59 % (ver VOLUMEN 2, ANEXO, Gerencia de Abastecimientos). En lo relativo a los aspectos ambientales, CFE ha avanzado en el cumplimiento de la Legislación Ambiental del País, adoptando como criterios de diseño de los diferentes elementos del sistema eléctrico, las Normas y Reglamentos vigentes para preservar la salud humana y el medio ambiente. Es importante señalar que el cumplimiento de estos objetivos fue posible gracias a los recursos de contra-partida, tanto de la misma CFE, como de los recursos del Préstamo 591/OC-ME del Banco Interamericano de Desarrollo (BID), Solidaridad, lo que permitió el apoyo para cumplir con las nietas globales propuestas en el SAR. El cumplimiento de los objetivos, representó para la Entidad una exigencia mayor en el desempeño de sus funciones, desde las etapas de planeación de la expansión, hasta las de operación y mantenimiento del sistema eléctrico, dejando una importante experiencia que ha permitido afrontar los problemas con mejores elementos de juicio, lo que ha representado ¡un importante beneficio para la economía de la Entidad y del País. XI EFECTOS DE LOS TECHOS PRESUPUESTALES EN LA EJECUCION DEL PROYECTO. 19.- Uno de los factores que influyó de manera importante en la ejecución del - 43 - PRESTAMO 3189-ME Proyecto fue el correspondiente a los "Techos presupuestales" adoptados por el Gobierno con el fin de controlar el gasto público, de acuerdo a las políticas macroeconómicas aplicadas. Los recursos otorgados por el Préstamo forman parte integral del Presupuesto de CFE, de tal forma que los escasos recursos presupuestales para su aplicación en la infraestructura eléctrica, adicionalmente al rezago de inversiones, impactaron significativamente el cumplimiento de las metas previstas, a pesar de tener los materiales y equipos, en algunos casos no se contó oportunamente con recursos de contra-partida, para la instalación de los mismos. Esta situación se empezó a hacer patente en el ejercicio de 1991 y para 1992 se tuvo que recurrir a la renegociación de contratos ya firmados para diferir las fechas de entrega de los materiales y equipos, también fue necesario cancelar licitaciones en proceso previos a su adjudicación, así como modificar el calendario de las nuevas licitaciones. Derivado de lo anterior fue necesario solicitar la ampliación en el plazo de ejecución del Préstamo en 12 meses; así como efectuar diversas recategorizaciones al mismo, destacándose la inclusión en la Categoría 6, del financiamiento de la Obra Civil Zimapán. (Ver TABLA No. 2). XII RECOMENDACIONES. 20.- Acortar plazos en trámites de licitación; principalmente en lo relacionado con el análisis de propuestas, firmas de pedidos y pago de anticipos, planteando un programa con eventos simultáneos para acortar el tiempo de licitación en futuros Proyectos. 21.- Ampliar las facultades del Representante del Banco Mundial en la Ciudad de México, para que pueda revisar los diversos documentos y otorgar la "No Objeción" correspondiente, agilizándose el proceso de adquisiciones. 22.- Contratar para préstamos subsecuentes, obras bajo el concepto "llave en mano", que incluyan estudios previos, indemnizaciones, derechos de paso, construcción, adquisición de materiales y equipo, su instalación, supervisión y puesta en servicio. 23.- Unificar criterios para la asignación de Categorías con base a los requerimientos de cada Area, con el objeto de evitar sobregiros y reclasificaciones posteriores. 24.- Solicitar con oportunidad las cartas de No Objeción para la parte financiable de los pedidos, para evitar retrasos en el pago de los mismos. 25.- Homologación de criterios para el alcance del financiamiento; como el caso de fletes y seguros en territorio nacional, que son financiados por el BID. - 44 - PRESTAMO 3189-ME XIII COMENTARIOS. 26.- En términos generales consideramos que la participación de NAFIN, como Agente Financiero de Gobierno Federal, en relación con el Contrato de Préstamo, Garantía y Proyecto del Crédito 3189-ME otorgado por el BIRF, fue de gran ayuda para lograr que CFE, pudiera ejercer en su totalidad el crédito mencionado. Lo anterior en virtud de su capacidad negociadora con el Banco, así como por su disponibilidad y atención para resolver los imprevistos con toda oportunidad. 27.- En cuanto a la participación de CFE en la ejecución del citado Préstamo, es conveniente señalar que se logró la colaboración de las áreas involucradas en la mayoría de los casos, salvo alguna excepción como fue el requerimiento de confirmación sobre saldos comprometidos pendientes de pago y la programación de los mismos por parte de dichas Areas, información que se requirió para programar el desembolso del saldo del crédito durante la prórroga administrativa otorgada por el Banco. 28.- Como primera actividad posterior a la firma de los documentos legales de futuras operaciones con el Banco; sería conveniente la realización de un seminario donde participen representantes del Banco, de la Secretaría de Hacienda y Crédito Público (SHCP), del Agente financiero designado y del organismo ejecutor. Lo anterior con objeto de intercambiar puntos de vista, encaminados al diseño de estrategias conjuntas que permitan una mejor administración y ejecución del Proyecto, bajo una perspectiva de compartir, definir y delimitar ámbitos de competencia y responsabilidad entre las diferentes instancias que intervienen en el desarrollo del Proyecto. 30 de junio de 1995. - 45 - TABLA No. 1 PROYECTO DE TRANSMISION, DISTRIBUCION Y REHABILITACION METAS FISICAS DE 1990 - 1994 METAS PROGRAMA PROGRAMADO REALIZADO DIFERENCIA REALIZADO GENERACION 81.23% CENTRALES GENERADORAS: TERMINADAS (MW) 6,770.5 6,564.5 (206 96.96% INICIADAS (MW) 6,174.3 4,044.5 (2,129.8 65.51% TRANSMISION 95.19% SUBESTACIONES (MVA) 10,400 9,817 (583 94.39% LINEAS DE TRANSMISION 7,500 7,557 57 100.76% (1.38 A 400 KV - KMS) ALIMENTADORES 700 633 (67 90.43% (1.38 A 400 KV-UNIDADES) DISTRIBUCION 140.86% LINEAS DE SUBTRANSMISION (KM) 500 500 0 100.00% ALIMENTADORES PRIMARIOS (KM) 1,454 1,794 340 123.38% CONSTRUCCION LINEAS (KM) 18,800 34,900 16,100 185.64% MEJORAS A SUBESTACION (MVA) 2,080 2,711 631 130.34% INSTALACION TRANSF (MVA) 1,250 4,261 3,011 340.88% CAPACITORES (MVAC) 4,100 425 (3,675 10.37% VEHICULOS (UNID) * 830 746 (84 89.88% COMPUTADORAS (PZ) 665 1,938 1,273 291.43% MEDIDORES (PZ) 5,550,000 6,856,275 1,306,275 123.54% EQ. CONTROL SUPERVISORIO (SIST) 500 270 (230: 54.00% EQ. DE SECCIONAMIENTO (PZ) 45,000 45,000 0 100.00% REHABILITACION 69.82% INCREMENTO DE DISPONIBILIDAD (MW) 678.000 720.700 42.700 106.30% RECUPERACION DE POTENCIA A SU CAPACIDAD DE PLACA (MW) 418.000 131.000 (287.000: 31.34% MEJORAMIENTO DE EFICIENCIA TERMICA KILOCAL/KWH (RANGO PROMEDIO) ** 2,470.000 2,558.333 (88.333 71.83% INVERSIONES GENERALES 99.10% OBRAS Y EQUIPO GENERALES 184 183 (1) 99.10% (MILLONES DE DLLSUSA) 97.24% *.- SE HABAN REPORTADO VEHICULOS CE TODO TIPO, DÉ~BIENDO REPORTAR UNIC AMNTE LS QUE TIENEN GRUAS HIDRAULICAS; SE CUMPLIO EL 90%. **.- VALOR OPTIMO DEL RANGO ESTABLECIDO EN EL PROYECTO DE 2606-2263, DE LOS 4 PROGRAMAS QUE INCLUYE 38 UNIDADES TABLA No. 2 PROGRAMA DE EJERCICIO DEL PRESUPUESTO DEL PRESTAMO 3189-ME CIFRAS EN MILLONES DE DLLUSA PROGRA PRO PRO CATEGORIA 1990 1991 1992 1993 1994 TOTAL 1995 TOTAL MADO GRA GRA A A ORIGl MADO MADO 1994 1995 NAL No. 1 No.2 1 TRANSMISION 0.000 19.626 44.064 34.402 5.586 103.678 0.172 103.850 160.000 171.445 103.000 2 DISTRIBUCION 9.711 68.445 46.480 10.860 0.971 136.467 0.01 136.477 140.000 162.000 170.000 3 REHABIUTACION 0.206 35.602 30.963 12.576 1.933 81.280 1.349 82.629 103.500 114.000 62.945 4 SERVICIOS DE CONSULTORIA 0.257 0.000 1.087 1.343 0.193 1.536 1.000 2.055 2.055 5 PROGRAMAS DE ENTRENAMIENTO 0.000 0.000 0.500 0.500 0.000 SUBTOTAL 9.917 123.673 121.764 57.838 9.577 322.768 1.724 324.492 405.000 450.000 338.000 6 OBRA CIVIL\; 4 ZIMAPAN 149.262 49.262 76.25 125.508 45.-00(_ 0.000 112.000 T 0 T A L 9.917 123.673 121.764 57.838 58.839 372.030 77.970 450.000 450.000 450.000 450.000 TABLA No. 3 INCREMENTOS TARIFARIOS MEDIOS 1989-1994 1989 (1er, SEM.) 1990 1991 1992 1993 1994 TARIFA Ventas Pre. med. Ventas Pre. med. Ventas Pre. med. Ventas Pre. med. Ventas Pre. me Ventas Pre. med. GWh $/kWh GWh $/kWh GWh $/kWh GWh $/1<Wh GWh N$/kWh GWh N$/kWh 1 DOMESTICA 8,474 74.8 20.390 113.2 21,984 156.9 24.051 192.2 25,511 0.2010 27,781 0.2128 2 GENERAL HASTA 25 kW 2,596 206.4 6,053 267.4 6.617 348.6 7,135 419.9 7,374 0.4523 7,688 0.4825 3 GENERAL MAS DE 25 kW 880 198.3 1,946 251.0 1.957 315.1 2.086 369.3 2.110 0.3986 2,156 0.4204 4 MOLINOS YTORTILLERIAS (1) 154 58.0 266 127.5 5 ALUMBRADO PUBLICO 1.089 124.1 2,248 239.2 2,356 308.8 2,498 372 4 2.667 0.4030 2,736 0.4180 6 BOMBEO SERVICIO PUBLICO 1.083 103.7 2,281 146.4 2.347 185.3 2,400 225.5 2,571 0.2460 2.550 0.2553 7 TEMPORAL 6 535.2 20 506.5 23 636.3 24 797.9 18 0.8809 20 0.9299 OM -HM GENERAL MEDIATENSION (2) 12,635 116.2 28,328 146.3 29,653 181.6 31,437 205.7 32.348 0.2129 34,804 0.2109 9 BOMBEO AGRICOLA 3,817 22.6 6,707 31.6 6.497 68.3 5,672 98.9 5,919 0.1254 6,551 0.1276 HS -HT GENERAL ALTA TENSION (3) 11,615 87.1 23,884 102.0 23,334 130.5 22,267 141.1 22,758 0.1371 25,246 0.1232 TOTAL 42,349 98.5 92,123 131.6 94,768 173.3 97,570 205.5 101,276 0.2150 109,532 0.2157 EN MONEDA CONSTANTE DE 1994 1989(1er,SEM.) 1990 1991 1992 1993 1994 TARIFA Pre. med. Increm. Pre. med. Increm. Pre. med. Increm. Pre. med. Increm. Pre. med. Increm. Pre. med. ¯ncer. N$/kWh Real (4) N$/kWh Real (4) N$/kWh Real (4) N$/kWh Real (4) N$/kWh Real (4) N$/kWh Real 1 DOMESTICA 0.1435 0.0% 0.1712 19.3% 0.1993 38.9% 0.2178 51.8% 0.2138 49.0% 0.2128 48.3% 2 GENERAL HASTA 25 kW 0.3956 0.0% 0.4043 2.2% 0.4427 11.9% 0.4760 20.3% 0.4811 21.6% 0.4825 22.0% 3 GENERAL MAS DE 25kW 0.3802 0.0% 0.3796 -0.2% 0.4001 5.2% 0.4186 10.1% 0.4240 11.5% 0.4204 10.6% 4 MOLINOS Y T ORTILLERIAS (1) 0.1112 0.0% 0.1928 73.4% 5 ALUMBRADO PUBLICO 0.2379 0.0% 0.3617 52.1% 0.3922 64.9% 0.4221 77.4% 0.4286 80.2% 0 4180 75.7% 6 BOMBEO SERVICIO PUBLICO 0.1988 0.0% 0.2214 11.4% 0.2353 18.4% 0.2555 28.6% 0.2617 31.7% 0.2553 28.4% 7 TEMPORAL 1.0260 0.0% 0.7659 -25.3% 0.8080 -21.2% 0.9044 -11.9% 0.9370 -87% 0.9299 -9.4% OM -HM GENERAL MEDIATENSION (2) 0.2227 0.0% 0.2212 -0.7% 0.2306 3.5% 0.2332 4.7% 0.2264 1.7% 0.2109 --5.3% 9 BOMBEO AGRICOLA 0.0433 0.0% 0.0479 10.4% 0.0867 100.0% 0.1120 158.5% 0.1333 207.6% 0.1276 194.4% HS -HT GENERAL ALTATENSION (3) 0.1670 0.0% 0.1543 -7.6% 0.1657 -0.7% 0.1599 -4.2% 0.1458 -12.7% 0.1232 -26.2% TOTAL 0.1888 0.0% 0.1990 5.4% 0.2201 16.6% 0.2329 23.4% 0.2287 21.2% 0.2157 14.3% Defactor: IPP 9,590 12,158 14,478 16,220 17,284 18,384 NO T AS: (1) desapareció en 1991 (3) tarifa 12 hasta 1991 (2) tarifa 8hasta 1991 (4) sobrela base del primer semestre de 1989 - 48 - TABLA No 4 PRESTAMO 3189-ME CALENDARIO DE DESEMBOLSOS ESTIMACION EN EL SAR DESEMBOLSOS REALES 3EMESTRE SEMESTRE ACUMULADO % SEMESTRE ACUMULADO % JUNE 30, 1990 50.0 50.0 11 JUNE 30, 1990 0.000 0 DEC 31, 1990 50.0 100.0 22 DEC 31, 1990 50.000 11 JUNE 30, 1991 75.0 175.0 39 JUNE 30, 1991 99.217 22 DEC 31, 1991 75.0 250.0 56 DEC 31. 1991 149.461 33 JUNE 30, 1992 100.0 350.0 78 JUNE 30, 1992 234.241 52 DEC 31, 1992 70.0 420.0 93 DEC 31, 1992 292.161 65 JUNE 30, 1993 30.0 450.0 100 JUNE 30, 1993 313.838 70 DEC 31, 1993 337.980 75 JUNE 30, 1994 341.318 76 DEC 31, 1994 383.863 85 MAY 22, 1995 450.000 100 - 49 - TABLA No. 5 PROYECTO DE TRANSMISION, DISTRIBUCION Y REHABILITACION RESUMEN DEL PROGRAMA DE COSTOS EN MILES DE USS FUENTES DE 1990 1991 1992 ' 1993 1994 iACUMU- 1995 lACUMU- LADO LADO FINANCIAMIENTO A 1994 A 1995 FONDOS DEL BIRF (REAL) 9,918 123,762 121,674. 57,838 58.8391 372,031 77,969 450,000 FONDOS DEL BID (REAL) 77,796 84,412 24,962 187,170 2.0931 189,263 FONDOS PROPIOS (REAL 369,704 590.106 555,657, 507,224 312,867 2.335,5581 51,786 2.387,344 TOTAL (REAL) 379,622 713,8681 755127 649,4741 396,668 2.894,759 131,848 3.026,607 CATEGORIA DE INVERSION 1.- PROGRAMA DE TRANSMISION PROGRAMADO 82,200 419,700 217,400 140,600 - 859,900* REAL 162,255 287,581 360,944 313,274 191,708 1,31 ,762 25.800 1,341.562 2.- PROGRAMA DE DISTRIBUCION PROGRAMADO 99,600 266,500 184,600 115,200 105,000 770,900* REAL 217,160 334.710 260,094 209,7701 96.2411 1,117,975 24,517ý 1,142,492 3.- PROGPAMA DE REHABILITACION PROGRAMADO 31,200 83,600 81,300 56,000 36,600 288,700 * REAL 207 91,577 133,832 126,430 58,370 410,416 4,534 414,950 4.- SERVICIOS DE CONSULTORIA PROGRAMADO 1,000 1,000 * REAL 257 1,087 1,344 750 2,094 5.- GASTOS DE ENTRENAMIENTO PROGRAMADO 500 500 REAL SUB TOTAL PROGRAMADC 213,000 771,300 483,300 311,800 141,600 1,921,000 SUB TOTAL REAL 379,622 713,868 755,127 649,474 347,406 2,845,497 55,601 2,901,098 6. - OBRA CIVIL ZIMAPAN ** PROGRAMADO *** 112,000 112,000 REAL *** 49,262 49,262 76,247 125,509 TOTAL PROGRAMADO 213,000 771,300 483,300 311,800 253,600 2,033,000 TOTAL REAL 379,622 713,868 755,127 649,474 396,668 2,894,759 131.848 3.026,607 DATOS DEL PROGRAMA ORIGINAL INDICADOS EN EL SAR (ANEXOS 3.1.1, 3.2.1, 3.3.1 Y 3.4.1). EL ANEXO 3.1.1 DEL SAR, INDICA UN PROGRAMA PARA 1990-1993. CON LA ENMIENDA AL CONTRATO DE 1 1/ABRIL/94, SE AUTORIZA LA RECATEGORIZACION A LA OBRA CIVIL ZIMAPAN. - SOLAMENTE SE REPORTA LO PROGRAMADO Y EJERCIDO CON FONDOS DEL PRESTAMO PARA LA OBRA CIVIL ZIMAPAN (NO INCLUYE CONTRAPARTIDA). *. PARA EL EJERCICIO CON FONDOS PROPIOS DE 1995, SE TIENEN DATOS REALES PARA ENERO- -MARZO/95 Y ESTIMADOS PARA ABRIL/95 MAP SECTION  M-xicaj Tuia 287 MWu. Ri Codo TUALM 60 M 620 MW OSN8ADA, UNITED STATES OF AMERICA po paa,. SAMALÄ , 'd. J-.r 24 mw SnFlip. p. Njg C 320 MW - G- 0? = P EULA5 CALLES -'' 135 MW- OHmogMH •• MEXICO RIO ESCÖ O CJ Chi.oEson MW TRANSMISSION AND DISTRIBUTION PROJEC GUAYMAS RIO ESCONDIDO C Nov. m MWV ® -a C-h~*"' 1, .m 200~- CIFE's MAIN GENERATION AND GURRERO9MW L TRANSMISSION FACILITIES GE JUNE 1989 ÅDOSIA ' MÖNIÖVA LCOJ YUNDER C PROJE 303 ME EXISTN T ~rnsmssion Lines: Falcon400 kV Cý_ = EL FUERTE Loeo59 MW R 230 WV or lowe T RAÅCURATO GCOME 320MW "° Vf G~nmting Plants: 40 MW LsMeu 92 MW u a e RIO BRAVO@ Momro Alm' C C o.DeDo 50MWT 375MW __ .--_ Hydrelectric wr rrOMw 1 p.,~ @w Steam (conentional) n Culiacönr NUJMAY, (3 Gas Turbines 9 0 mW n, G ulf f ýt 2 ~ wAn -. * NUAE La a 4BW , Durango . v Coal-Fired MAZATLAN Gn.reo C,udad VIcono orM Of @ Nuclear C.. Cao National Capital z"" Mexico state Capitals AGUAMLPA P0- sAN lUtsCit and T~n P 60 MW I 5 00 MW Cd V.le- -- International Boundaries -- ep 740 MW MERIDAý L-o G -in-ut. MPNTxo 247 w * vldo. Gudlioa Iapoo Cýs Quert-r wO ' .11.& Pacific Ocean - kVlWi.s.= 't5' 920. MR- -2 P9za0R SALA - V,DE1 zTEPEC "P'" Cds dMW T,4 X 2 MWc PECHE Gumn Coropo" Mo,ela, ECHERI/ MW Lgno VedM ý 369M Jm tpo LAGUNA VERDE LOS AZUFRES© MEXICO |T * Tiocoa 1350MW BW EV f Compe che CD. DEL CARMEN 550 MW- ( * 25 MwI ¶ Iu @ fDOS BOCAS * V 3MW Colim6 D Guerr 480 MW Cd. CceanCETUMAL ,ch Tea|Oraobo no..'c,. E.cacgo ' LAvLUT. 0TRAS PLANTAS Tem- al'".o1 -,40MW- |hr|| 5 CENTRAL TEMASCAL- L C¯ ,en IFERN1110 451 MW I5M MWVllhrms- -' 1032 MWCrdn PETA Z,uaanioChäip~ncing 420 MW o 0 a5 ELCARACOL PmnmCOASEN.BEUZE 1 396 Mw ,oMocoC Å0 MlåE mu A,Å iowmw --ANOSTURA -- - l cr Tuxto 90 Mw1 Eawe Caaa h e fa .n ans un, easa aa..nen a u - a in or Pko E,cond,dc - -. >ae fnefV .M.Be.. auenbr,..e I., .a.n. PoiIo GUATEMALA HC 110'   「 닌 ．이 : [ &－』 ㅓ쨍』 ［「 흥 찧－ :J ㅍ t 疹 J : : 5 스 : 신 T잿 ?: 二｀&F