The Manila Electric Co. (Meralco) will cap to 1,200 megawatts (MW) the maximum bids for the company’s 1,800 MW competitive selection process (CSP).
Jose Ronald Valles, Meralco first vice president and head of regulatory management office, told reporters in a press event on Tuesday, at least two companies are assured to supply the 1,800 MW power requirement.
Valles said the cap is deemed acceptable to the Energy Regulatory Commission (ERC).
Meralco said that actual bid date for the 1,800 MW CSP is set on December 27 for the capacity that will be needed by December 2024.
Valles said the 1,800 MW capacity under CSP has so far attracted six interested bidders.
“As of now, the bidding is still set by December 27 but we have written the ERC chair, that because of the recommendations and that we have already incorporated (them) to the TOR (terms of reference), we’re seeking guidance if we can proceed with the bid opening…
Unless the (ERC) chair tells us otherwise, then we will likely proceed since there’s not enough time for us to complete the bidding,” Valles added.
Meralco earlier said this CSP is meant to replace the capacity covered by its 2021 power supply agreements with Excellent Energy Resources Inc. and Masinloc Power Partners Co. Ltd. which were terminated earlier this year. -Jed Macapagal
