The Manila Electric Company (MERALCO) is kicking off the Competitive Selection Process (CSP) for 660 megawatts (MW) of interim supply to gear for the anticipated increase in demand during the dry months.
Following the Department of Energy’s (DOE) approval of the Terms of Reference (TOR), the distributor can now proceed with Interim Power Supply Agreements (IPSAs). These agreements cover the 260 MW peaking requirement and 400 MW base load requirement for this year.
The 260 MW and 400 MW IPSAs will be effective until July 2024 and February 2025, respectively. Power generation companies interested in participating in these agreements are requested to submit their Expressions of Interest for both IPSAs by January 15.
Furthermore, the Pre-Bid Conferences for both requirements are scheduled for January 22, with Bid Submission Deadlines set on February 26 and 27, respectively.
Last year, MERALCO released the revised TOR for its CSP of 1,800 MW capacity. The distribution utility explained that the revisions include capping the maximum offered capacity at 1,200 MW.