Manila Electric Co. (Meralco) has started the competitive Selection Process (CSP) for 480 megawatts (MW) of supply meant to address the increase in demand starting next year.
The Department of Energy approved the Terms of Reference (TOR) for the two CSPs involving Meralco’s 300-MW peaking requirement from February 26, to July 25, 2023; and 180-MW baseload supply from February 26, 2023 to February 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 called on interested generation companies to participate in the CSP for the two contracts.
Submission of expression of Interest for either contract is until January 5, 2023. A pre-bid conference will be held on January 12, 2023.
Bidders for the 180-MW contract capacity and the 300-MW contract capacity have until February 1, 2023 and February 2, 2023, respectively, to submit their bids.
