Energy utility giant Manila Electric Company will carry out ‘emergency procurement’ of power capacity to ensure uninterrupted electricity service in next year’s election period.
CSP is a bidding scheme employed for power supply agreements that shall be under-written by distribution utilities in building up their supply portfolio in accordance with the Power Supply Procurement Plan that they submitted to the Department of Energy . He noted the auction proceedings, via the CSP, shall be carried out upon the approval of the DOE on the proposed supply sourcing. “This will be our emergency procurement and we will conduct the CSP accordingly,” the Meralco executive reiterated.
“We will be procuring this through a CSP and this will cover the period beginning the effectivity of the CSP award up to June or July next year 2022 to cover the period of elections,” Valles stressed.
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