The Manila Electric Company (Meralco) has started the competitive selection process (CSP) for 1,800 megawatts (MW) of supply needed to meet the growing demand of its customers starting next year.
This followed the Department of Energy’s issuance of a certificate of conformity on the terms of reference (TOR) for a 15-year contract involving Meralco’s 1800-MW baseload requirement starting December 2024.
Through its bids and awards committee for power supply agreements (PSAs), Meralco calls on interested power generation companies to participate in the CSP, with the submission of expression of interest due on 13 November 2023.
The pre-bid conference is scheduled on 20 November 2023, while the bid submission deadline is set on 26 December 2023.
This CSP is meant to replace the capacity covered by Meralco’s 2021 PSAs with Excellent Energy Resources Inc. (EERI) and Masinloc Power Partners Co. Ltd. (MPPCL) which were terminated earlier this year. The Energy Regulatory Commission approved the termination of contracts just last month.
