Published September 20, 2017, 10:01
PM By Myrna
M. Velasco
Solar Philippines has toughened up
competition in the solar technology space as it dangled a price match of P2.99
per kilowatt-hour (kwh) to solar capacity procurement auctioned by power
utility giant Manila Electric Company.
According to Solar Philippines
President Leandro Leviste, they are now complying with the documentary
requirements as set forth by the off-taker (capacity-buyer) utility.
He indicated that based on
information given to them, Citicore Power, Inc. which had tendered the initial
bid price of P3.50 per kWh had no longer exercised its “right to match” – in a
deadline that was set August 14.
Leviste said the solar capacity in
their Meralco offer will be coming from their new project development in
Batangas.
It will be of 150-megawatt capacity
venture, “and half of that will go to Meralco,” he said, upon finally signing
up for a contract based on their price offer.
More specifically, the capacity that
shall be delivered to Meralco based on the specified auction would be 85
megawatts, part of the utility firm’s strategic move to build up its supply
portfolio of renewable energy.
Leviste hinted that a supply
contract signing is in the offing, with just some processes still being sorted
out and set for completion by relevant parties.
Meralco Vice President Lawrence
Fernandez, when separately interviewed by the media, has noted that he cannot
divulge details yet on the “price match tender”; although he affirmed that they
actually got an offer of less than P3.00 per kWh.
He said the ‘matching offer” is
still under evaluation by the bids and awards committee of the company, but an
announcement will be due soon.
Solar Philippines has been
intensifying “cost competition” in the solar sector, even for supply contracts
set to be underwritten by distribution utilities and electric cooperatives.
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