Meralco sets bidding for 480-MW power supply

Manila Electric Co. has started the competitive selection process (CSP) for 480 megawatts (MW) of supply meant to address the increase in demand starting next year and the ongoing Malampaya gas supply restriction.

This came after the Department of Energy approved the terms of reference (TOR) for the two CSPs for Meralco’s 300-MW peaking requirement from Feb 26  to July 25, 2023 and 180-MW baseload supply from Fe 26, 2023 to Feb 25, 2024.

Meralco said the timely approval of the TOR would help the power distributor ensure the availability of reliable, stable, and least cost-supply for its 7.6 million customers, especially in the 2023 summer months.

The Meralco third party bids and awards committee has called on interested generation companies to participate in the CSP for the two contracts.

Submission of expression of interest for either contract is until Jan 5, 2023 and a pre-bid conference will be held on Jan 12, 2023.

The bid submission deadline for the 180-MW contract capacity is Feb. 1, 2023 and while that for the 300-MW contract capacity is  Feb 2, 2023.