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Four conglomerates expressed interest in participating in Manila Electric Co.’s competitive selection process for its 400-megawatt mid-merit supply requirement.
“Following the success of our recent CSP for 600 MW of baseload supply where Meralco received very competitive offers, we welcome the continued interest of the country’s major energy players to join this CSP round that will help us ensure availability of least-cost supply for our customers starting next year,” Meralco bids and awards committee chairman Lawrence Fernandez said.
“We hope that there will be no further delays as we work towards immediate signing of the PSAs resulting from the 600 MW CSP. We trust that ERC evaluation and approval will also be swift so customers can enjoy these very low rates upon scheduled delivery date in August 2025,” Valles said.
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