The Manila Electric Co. (Meralco) were to proceed directly and negotiate 300 megawatts worth of power starting April 26 following the failure of the second round of the competitive selection process (CSP).
The submission of bids lapsed on April 12.
Lawrence Fernandez, Meralco vice president and head of utility economics department, said the CSP third-party bids and awards committee (TPBAC) said the capacity can now be availed via direct negotiations with suppliers.
“The TPBAC did not receive any bids by the bid submission deadline. Following this, the TPBAC declared a failed bid in accordance with Department of Energy (DOE) CSP guidelines and reported the same to the distribution utility (DU),” Fernandez said.
Ronald Valles, Meralco first vice president and head of regulatory management office, said the PSA is short term and supposed to last only until the July supply month this year.
“We are open to receive offers from all interested generation companies for possible negotiation. At the moment, we have not received any definitive offer yet,” Valles said.
But even with the failed bidding, Valles gave assurance that Meralco has already secured 480 MW worth of additional power for the long dry months ahead.
Meralco is bent on securing additional power supply to assure customers of stable and uninterrupted service.
