The Manila Electric Co. (Meralco) has secured a 400 megawatts (MW) interim supply requirement after Limay Power Inc. offered the lowest bid in a competitive selection process (CSP).
Meralco said Limay Power’s offer was at P6.2708 per kilowatt-hour (kWh) inclusive of value-added tax (VAT) and line rental.
The company said only two submitted their qualification documents, technical proposal and bid price yesterday.
Meralco said the other offer from yesterday’s CSP was from Masinloc Power Co. Ltd. for P6.2957 per kWh, VAT and line rental inclusive for 195 MW worth of capacity.
The company said both offers meet the P6.3512 per kWh reserve price set for the bidding and that all submissions passed the criteria contained in bidding documents and pre-qualification evaluation.
Meralco’s Bids and Awards Committee for Power Supply Agreements willconduct a post-qualification evaluation before a final approval and issuance of a notice of award is conducted.
The company added that if approved by the Energy Regulatory Commission, the 400 MW contract will be effective until February 2025. -Jed Macapagal
