MERALCO to negotiate 200 MW requirement with Solar Philippines unit

Meralco – Solar

The Manila Electric Co. (MERALCO) will be moving to negotiate its 200 megawatt (MW) baseload energy contract as no bids challenged the unsolicited proposal of Solar Philippine Batangas Baseload Corp. (SPBBC) during the second round of the competitive selection process (CSP). 

In a report by the Philippine Star, the third-party and awards committee (TPBAC) of MERALCO said it can enter into direct negotiations for the contract capacity requirement, as provided by the revised CSP rules. 

To recall, SPBBC’s proposal includes a 20-year contract beginning in 2024 for P4.65 per kWh at a 100% capacity factor.

After negotiations are completed, Meralco will enter into a power supply agreement with the original proponent and seek regulatory approval for the contract.

SPBBC will be sourcing the 200-MW capacity and guaranteed output from its 1800 MW solar project with 1,800 MWh of battery storage under development. The company has proposed solar projects with energy storage systems in Batangas, Cavite and Laguna. 



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