MANILA, Philippines — Manila Electrical Co. (Meralco) is in search of key authorities approval to launch two auctions for the procurement of 800 megawatts (MW) of energy provide.
Following the corporate’s annual stockholders’ assembly yesterday, Meralco government vp and COO Ronnie Aperocho mentioned the nation’s largest power utility is awaiting the issuance of the certificates of conformity by the Division of Vitality.
The DOE certification will pave the best way for Meralco to maneuver ahead with its aggressive choice course of (CSP) to safe 600-MW baseload and 200-MW renewable power (RE) baseload provide.
The ability provide agreements masking the 200-MW and the 600-MW auctions are scheduled to begin by January 2026 and February 2028, respectively.
“We attempt to start CSPs as early as doable to think about unexpected occasions which will delay a CSP,” Meralco vp and utility economics head Lawrence Fernandez mentioned.
“For the 2 proposed CSPs that have been slated to start in April and Could, we should always nonetheless have the ability to full them in a well timed method, based mostly on experiences from previous CSPs,” Fernandez added.
The CSPs are included in Meralco’s 2025 Energy Provide Procurement Plan, which was accepted by the DOE final month.
Except for these auctions, the ability distributor additionally plans to conduct CSPs for 450-MW mid-merit and 900-MW baseload. It additionally obtained an unsolicited proposal for the availability of 1.43-MW RE baseload energy.
Mid-merit capacities bridge the hole between peak and base era sources, whereas baseload provide is the minimal quantity of electrical energy wanted on the ability grid to satisfy fixed demand.