Meralco opens bidding for 400 MW of supply
Distribution giant Manila Electric Co. (Meralco) is soliciting proposals for 400 megawatts (MW) of supply to meet its long-term energy needs, with deliveries starting next year.
MANILA, Philippines — Meralco kicked off its competitive selection process to secure mid-merit supply, or the electricity to be injected into the grid to manage the fluctuating demand throughout the day.
Distribution utilities and electric cooperatives nationwide are mandated by the Department of Energy to conduct auctions to secure their electricity requirements at the least-cost charge to consumers.
Suppliers that operate natural-gas-fired power plants “are highly encouraged to participate in the bidding and prioritize the use of indigenous natural gas,” the power firm said in its invitation to prospective bidders.
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The power supply agreement will be covered by a 15-year contract, and the operations effective date is Aug. 26, 2025. It is subject to the Energy Regulatory Commission’s approval.
Meralco said power plants to be nominated for the bidding should be “technically capable” of supplying the entire contract capacity. The minimum offered capacity is 150 MW. The supply may come from a single facility or a portfolio of power plants. INQ
