Published
By Myrna M. Velasco
Power utility giant
Manila Electric Company (Meralco) will seek exemption for competitive selection
process (CSP) or bidding on targeted interim power supply agreements (IPSAs)
with two plants to boost its supply portfolio during the election period and
the duration of summer.
The two IPSAs will have
to be inked with Millennium Energy, Inc. for 70 megawatts; and Therma Mobile,
Inc. of the Aboitiz group for 160MW – shoring up its contracted capacity then
by additional 230MW and this will be embedded in the utility firm’s load
network.
Meralco Vice President
Lawrence S. Fernandez said they will apply for CSP exemption with the
Department of Energy (DOE) and also seek the imprimatur of the Energy
Regulatory Commission (ERC).
“We will ask DOE for
exemption from CSP as provided under the guidelines and execute the IPSA and
submit to the ERC once granted,” the Meralco executive said.
Energy Undersecretary
Felix William B. Fuentebella said there’s a provision under the CSP Rules
providing for exemption of bidding requirements if it is an emergency
procurement of supply by a distribution utility.
Millennium Energy, Inc.
Chief Finance Officer Noemi T. Moreno disclosed that the signing of the 70MW
power supply pact for 70MW capacity of their Navotas bunker-C fired power
facility was on Monday (April 15).
For TMO, Fernandez
noted that the parties have yet to firm up the signing date but there is
already agreement in principle for capacity off-take of 160MW.
Aboitiz Power
Corporation Chief Operating Officer Emmanuel V. Rubio said their TMO plant’s
capacity will only be utilized upon the approval of the supply contract by the
ERC.
It has to be noted that
the Aboitiz group was already contemplating on transferring the plant to the
Visayas grid so it can offer ancillary services power in that area.
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