Meralco bids invites for power supply

The Manila Electric Co (Meralco) invites prospective power generation businesses to participate in its competitive selection process (CSP) for 1,800 megawatts (MW) of power supply required to fulfill its customers' growing demand beginning next year.

The distribution utility said that it has begun the CSP in accordance with the Department of Energy's issuing of a certificate of conformity on the terms of reference (TOR) for a 15-year contract involving Meralco's 1800-MW baseload need beginning in December 2024.

The minimum amount of electricity that must be delivered to an electrical system at any one time is referred to as baseload power.Meralco, through its bids and awards committee for power supply agreements (PSAs), invites interested power production businesses to participate in the CSP, with expressions of interest due on November 13, 2023. The pre-bid conference is set for November 20, 2023, with the proposal submission deadline set for December 26, 2023.

Meralco stated that the new CSP will replace the capacity covered by Meralco's 2021 PSAs with Excellent Energy Resources Inc. (EERI) and Masinloc Power Partners Co. Ltd., which were mutually terminated earlier this year. EERI and Masinloc Power are companies of the San Miguel group's SMC Global Power Holdings Corp.

The Energy Regulatory Commission accepted the contract terminations last month after the two subsidiaries filed notices of termination of the PSAs in March of this year. These PSAs involved 1,200 MW of gas-generated power that was meant to be delivered by EERI in December 2024, as well as another 600 MW from Masinloc Power that was supposed to be operational by May 2025.
 

News by Rahul Yelligetti