Power distributor giant Manila Electric Co. (MERALCO) is seeking challengers for Solar Philippines’ unsolicited proposal covering 200 megawatts (MW) worth of baseload supply beginning 2024.
Solar Philippines’ unit Solar Philippines Batangas Baseload Corporation (SPBBC) offered a 20-year contract with a fixed rate of Php 4.65 per kilowatt hour (kWh). The power will be sourced from a 1,800 MW solar capacity with battery storage in Nasugbu, Tuy, and Balayan, Batangas.
MERALCO said interested challenges may submit their expressions of interest until August 31, while the bid submission deadline is on October 5.
Under the competitive selection process (CSP) terms of reference, challengers should offer the full contract capacity and can be sourced from a single or portfolio of power plants whose commercial operations are slated not earlier than February 2019 but not later than March 2024.
MERALCO emphasized that the CSP is part of its sourcing activities to ensure reliable, sufficient, and cost-competitive power to its customers.