MERALCO seeking bidders for 500MW offer from Prime Infra unit

MERALCO power lines

The Manila Electric Co. (MERALCO) is seeking challengers for the unsolicited proposal to supply the 500 megawatts (MW) mid-merit requirement beginning 2026. 

Through a Third-party Bids and Awards Committee (TBPAC), MERALCO is looking for bidders that will challenge Ahunan Power, Inc.’s (API) offer of Php 4.0511 per kilowatt-hour (kwh) headline rate and levelized cost of electricity (LCOE). 

Ahunan Power, a unit owned by Enrique Razon-led Prime Infastructure Capital Inc., offered a 20-year contract beginning February 26, 2026, to MERALCO. 

Under the competitive selection process (CSP) approved terms of reference, the contract capacity should be 100% available for six to 12 hours a day, covering MERALCO’s peak hours, for at least 84 hours a week. 

The supply can come from one or a portfolio of plants, “provided that the minimum configuration is sufficient to meet the contract capacity. The guaranteed output should also be solely contracted to Meralco,” Meralco said in a statement. 

Interested bidders can submit their Expression of Interest on August 10. The pre-bid conference is slated for August 11. Companies have until September 14 to submit their bids. 

This CSP is in compliance with the Department of Energy’s (DOE) Renewable Portfolio Standards (RPS) policy and will be part of MERALCO’s goal of building a 1,500 MW power requirement portfolio from renewable energy sources.