By
Lenie Lectura - August 29, 2019
THE Energy Regulatory
Commission (ERC) has approved Manila Electric Co.’s (Meralco) applications to
withdraw the Power Supply Agreements (PSAs) forged with power suppliers.
The ERC said it was
necessary for Meralco to withdraw its PSA applications following the Supreme
Court decision that required all PSAs forged after June 30, 2015, to undergo
Competitive Selection Process. “In view of the SC decision cited by Meralco as
the ground relied upon for withdrawal, the Commission hereby grants the
withdrawal of applicant’s joint application,” said the ERC in separate orders
all dated August 13. The orders were posted on ERC’s web site on
Wednesday. Meralco withdrew its PSA with Global Luzon Energy
Development Corp. (GLEDC), Redondo Peninsula Energy Inc. (RPE) and Atimonan One
Energy Inc. (A1)
“In light of the said
SC decision on the ABP [Alyansa Para sa Bagong Pilipinas Inc.] petition,
applicants are constrained to move for the withdrawal of the instant joint
application,” said Meralco.
Meralco earlier inked
seven PSAs with several power generation companies, including two from its
power generation arm Meralco PowerGen, which is building power plants under RPE
and A1.
The remaining five are
with St. Raphael Power Generation Corp., Meralco’s joint venture with
Consunji-led Semirara Mining and Power Corp.; Central Luzon Premiere
Power Corp. (CLPPC); Mariveles Power Generation Corp. (MPGC); Panay Energy
Development Corp.; and GLEDC.
However, these PSAs,
with a total capacity of over 3,500MW, were not implemented following the SC
order which stemmed from allegations that ERC gave preference to Meralco by
extending the deadline for compliance of CSP.
Meralco has recently
published bid invites for three power supply contracts with a total capacity of
2,900MW via CSP.
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