Power utility giant Manila Electric Company will be undertaking fresh round of competitive selection process to auction power supply agreements covering 1,100 megawatts for its baseload and mid-merit power requirements.
The targeted CSPs will be on top of the 180MW capacity that the utility firm is eyeing to purchase primarily to augment its supply portfolio this year; and its solicitation of 850MW mid-merit supply that shall be underpinned by renewable energy facilities. Two challenger-firms – the consortium led by SunAsia Energy Inc. and SMC Global Light and Power Corporation – had been expected to put up tenders that should have challenged the 2,400MW solar and 4,000-megawatt hour battery storage facilities submitted by Terra Solar.
The country’s biggest power distribution company has not just been reinforcing its supply portfolio on this year’s summer months – but also its medium and long-term electricity requirements.
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