Power retailer Manila Electric Co. said it will conduct another round of competitive selection process to challenge the offer of Solar Philippines Batangas Baseload Corp. involving 200 megawatts of renewable energy.
Meralco said the competitive challenge for the unsolicited proposal of Solar Philippines to cover its baseload requirement starting March 2024 would undergo another bidding process. The first bidding failed because of the lack of challengers during the bid submission on Oct. 25.
Solar Philippines offered to supply Meralco up to 200 MW of baseload power from its 1,800-MW solar projects and 1,800-MW-hour battery storage plants in Nasugbu, Tuy and Balayan, Batangas.
Solar Philippines intends to supply reliable power in all weather conditions, with a plant designed to produce the contracted energy even during cloudy days. Excess during sunny days can be sold into the wholesale electricity spot market.
The company offered Meralco a fixed price of 4.65 per kilowatt-hour for 20 years, including value-added tax and other charges.
Meralco said it would also hold the second round of competitive challenge for the offer of Ahunan Power Inc. led by businessman Enrique Razon Jr. involving the supply of 500 MW of RE to cover Meralco’s mid-merit requirement starting March 2026. Meralco set the bid submission deadline on Nov. 8.