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Meralco initiates bidding for 600-megawatt power supply

Business

Meralco initiates bidding for 600-megawatt power supply

By Manila Bulletin

The Manila Electric Co. (Meralco) has initiated the search for new suppliers capable of providing 600 megawatts of power to meet its requirements starting next year.

In a statement, Meralco announced that it has begun the competitive selection process (CSP) to secure its baseload supply to fulfill the power distributor's needs in 2025.

This move follows the Department of Energy's (DOE) issuance of a Certificate of Conformity for Meralco's latest Power Supply Procurement Plan.

The CSP involves a 15-year Power Supply Agreement (PSA) scheduled to start on August 26, 2025.

Based on the DOE's advisory dated Oct. 11, 2023, the TOR encourages power suppliers with natural gas-fired power plants to participate in the bidding process and prioritize the use of indigenous natural gas.

Meralco's bids and awards committee for PSAs has set the deadline for the submission of expressions of interest on June 25, 2024.

The pre-bid conference is scheduled for July 4, and the bid submission deadline is Aug. 2.

The conduct of CSPs is part of Meralco's ongoing efforts to ensure the availability of reliable, sufficient, and cost-competitive power for its customers.

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Manila Electric Co. (Meralco)

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