Updated
By Myrna M. Velasco
Power utility giant
Manila Electric Company (Meralco) is scheduled to auction this week 2,900
megawatts (MW) of capacity for power supply agreements (PSAs) that will satiate
its immediate and long-term power supply requirements.
The bidding for its
baseload capacity of 1,200MW is today and it will be offered to pre-qualified
generation company-bidders at a chunk of 200MW capacity each.
On Tuesday, September
10, the utility firm will also accept and open tenders for its sourcing of
500MW mid-merit and peaking capacity – offered at 100MW capacity each to the
bidders.
The last round of
auction will be on September 11 for its supply procurement from a greenfield
power capacity of 1,200MW that will meet its future electricity requirements.
Meralco will be
sourcing the targeted power supply within the ambit of the competitive
selection process (CSP), which is the judicially upheld policy on procurements
that will underpin the PSAs to be underwritten by distribution utilities.
That had been based on a recent Supreme Court ruling mandating all PSAs to go
through CSP process – and the guiding policy to that is the circular previously
issued by the Department of Energy.
For Meralco’s power
supply bidding, it will be administered by a five-man third party bids and
awards committee (TPBAC) to be chaired by lawyer Ferdinand A. Domingo, who is
touted to have vast expertise and experience on local and international
procurements, while the DOE will sit as “observer” in the bidding exercise.
For the brownfield
baseload capacity tendering, Meralco previously indicated that there are 11
parties intending to submit offers while there are seven bidders for the
mid-range/peaking capacity.
The PSAs for the
brownfield or capacity from existing plants will be for 10 years and delivery
will start December 26, 2019 while the mid-range/peaking capacity is for five
years and must also start delivery on December 26 this year.
On the 1,200MW greenfield or “new power plant capacity” it will be a 20-year
contract with firm commitment from the generation company-bidders to start
delivering power supply by year 2024.
For that bid process,
it has been tipped off that three companies are aggressively targeting to
submit a bid including the energy investment arm of San Miguel Corporation,
First Gen Corporation and Meralco’s subsidiary Meralco PowerGen.
The technical
parameters set out for the greenfield capacity PSA will be anchored on the
deployment of “high efficiency, low emissions” technology in the power plant to
be built.
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