The Manila Electric Co. (Meralco) started the competitive selection process (CSP) for Solar Philippines Batangas Baseload Corp.’s (SPBBC) unsolicited proposal covering 200 megawatts (MW) of baseload supply starting 2024.
The company is inviting interested parties to challenge SPBBC’s offer of a P4.65 per kilowatt-hour (kWh) headline rate at 100 percent plant capacity factor and a similar rate for the levelized cost of electricity for a period of 20 years.
SPBBC is planning to source the 200 MW contract capacity and guaranteed output from its 1,800 MW solar project with 1,800 megawatt hours of battery storage currently under development.
To ensure the availability of 24/7 supply, SPBBC is also allowed to get back-up power from other plants in its renewable energy portfolio as the company also has proposed solar power plants with energy storage system in Batangas, Cavite and Laguna.
Challengers for the offer should cover the full contract capacity that may be sourced from a single or portfolio of power plants with commercial operations not earlier than February 2019 but not later than March 2024.
Interested challengers have until August 31 to submit their expressions of interest. Pre-bid conference is scheduled on September 1 and actual bid submission deadline is set on October 5. – Jed Macapagal