Articles worth reading

Pasay issues new quarantine passes 

account_balancePasay access_time4 days ago

Pasay City Mayor Emi Calixto-Rubiano ordered the strict implementation of and issuance of new and uniform quarantine passes to reduce the movements of the city residents outside their residences after President Duterte reverted Metro Manila back to m...

Quezon City Mayor Joy Belmonte / QC PIO

Barangay in QC allows 2 quarantine passes per household 

account_balanceQuezon City access_time4 days ago

After coming under fire, a barangay in Quezon City will now give two quarantine passes per household and not to mothers only. In a statement, Barangay Matandang Balara head Allan Franza said “based on the directive of Mayor Joy Belmonte that t...

PCSO general manager Royina Garma / Photo Courtesy of CNNPH

PCSO releases over P153-million assistance in July

account_balanceMetro Manila access_time4 days ago

The Philippine Charity Sweepstakes Office (PCSO) said it released more than P153 million in medical assistance to 21,240 indigent beneficiaries nationwide in July. In a statement, PCSO general manager Royina Garma said of the total amount of assista...

Metro News

Meralco building

Meralco declares 3 ‘best bids' for 1,200 MW

account_balanceMetro News account_circleHannah Santos chat_bubble_outline0 Comments

Power distributor Manila Electric Company (Meralco) declared three “best bids” out of the five offers it received for the supply of 1,200 megawatts (MW).

The three best bids are from Phinma Energy Corporation, with a bid price of P4.884 per kilowatt hour (kWh); San Miguel Energy Corporation, which offered P4.929 per kWh; and South Premiere Power Corp. (SPPC), with a bid offer of P4.93 per kWh.

Phinma Energy offered to supply Meralco 200MW while San Miguel’s offer is at 330MW. SPPC, meanwhile, wants to supply Meralco 670MW. 

“Pursuant to Section 5 of the Instructions to Prospective Bidders, the aforesaid bidders with the best bids will now undergo post-qualification within seven days from date hereof. Thereafter, the third-party bids and awards committee (TPBAC) shall issue respective notices of award in favor of those who satisfactorily passed post-qualification,” the five-man committee said in a notification of best bids released late Monday.

The three firms bested the offers of two more power firms. 

SMC Consolidated Power Corp. (SCPC) and Masinloc Power Partners  Co. Ltd., which are both SMC affiliates, also participated in the auction. 

SCPC offered to supply Meralco 200MW while Masinloc Power wanted to supply 220MW to the utility firm. Meralco did not say their bid prices. 

In all, the five firms offered a total capacity of 1,630MW to supply Meralco’s requirement.

Meralco utility economics head Lawrence Fernandez, in an interview, said the CSP (Competitive Selection Process) was for only 1,200MW as against the 1,630MW offered capacity of the bidders that attended. “So, not all offers could be accepted. The three bidders with the best bids submitted the lowest cost offers,” he said.

The TPBAC’s findings were based on a nondiscriminatory pass/fail assessment for completeness.

Previously, 11 firms submitted Expressions of Interest (EOI) for the CSP for the 1,200MW baseload requirement, effective December 26, 2019, with an aggregated offered capacity of 2,830MW.

Meralco is soliciting interest for its power requirements. It has put up for bidding via CSP (Competitive Selection Process) a five-year contract for 500MW, a 20-year contract for 1,200MW and another 10-year contract for 1,200MW.


date_rangeDate Published
10 months ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Credit card growth decelerates during lockdown 

account_balanceMetro Manila chrome_reader_mode2 days ago

The growth of credit card receivables declined as most shops were closed and people could not travel due to the pandemic although online grocery shopping rose significantly.   During the virtual launch of the Unionbank-Lazada credit card Friday,...

Marikina City Mayor Marcelino Teodoro / Marikina PIO

Marikina heigtens contact tracing 

account_balanceMarikina chrome_reader_mode21 hours ago

Marikina City is intensifying its capability to trace persons exposed to patients infected with the coronavirus disease (COVID-19) to prevent the further spread of the virus in the community. Mayor Marcelino Teodoro said their contact tracers can tr...

Bianca Pagdanganan / Photo Courtesy of Business Mirror

LPGA: Pagdanganan passes debut with flying colors

account_balanceMetro Manila chrome_reader_mode6 days ago

Admittedly or not, athletes feel it; even to the best of them. But no matter, Bianca Pagdanganan is cool with it. “It’s okay to be nervous, you just have to learn how to embrace it,” Pagdanganan happily said, passing her first acid ...

Makati Mayor Abby Binay

Makati to hire displaced teachers 

account_balanceMakati chrome_reader_mode1 day ago

Makati Mayor Abby Binay said the city is looking for teachers, teacher assistants or aides, and tutors to join the Makati Mobile Learning Hub Project, an innovative educational platform aimed to ensure that the youth of Makati will continue learning ...

Photo Courtesy of Mary Ann Junelle Chua/MNC

Banks waive PESONet, InstaPay charges

account_balanceMetro Manila chrome_reader_mode4 days ago

About 13 financial institutions and digital payment companies are waiving PESONet and InstaPay transaction fees until September this year while 11 banks will do it until yearend. In a statement, the Bangko Sentral ng Pilipinas (BSP) released an upda...

Let's Stay Connected Like us on our Facebook page.
×
Click on the article to continue reading
Manila launches 13th quarantine facility Budget for recovery plan possible only by 2021 PH receives antiviral drug Avigan from Japan LRT-1 closes Roosevelt station until December Gov’t approves full operation of financial service providers Masks, shields and distancing 99% effective against virus transmission Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature