Meralco invites tender for 850 MW capacity of renewable energy. The power utility will deploy 600 MW capacity which will start operating in February 2026 and 250 MW capacity will start operating in February 2027.
Manila Electric Company (Meralco) is the largest private-sector electric distribution utility company in the Philippines covering 36 cities and 75 municipalities. Its franchise area of over 9,685 km2 is just 3% of the total land area of the Philippines but accounts for 55% of the country’s electricity output. Meralco celebrates 118 years of service in 2021, committed to providing reliable and affordable energy.
“Through its Third Party Bids and Awards Committee (TBPAC), Meralco invites interested parties to challenge the offer of Terra Solar, which proposed a P6.0800 per kilowatt-hour (kWh) headline rate and levelized cost of electricity (LCOE),” the company said.
“Our senior management and sustainability committee have mapped out a strategy that will bring us closer to our commitments to build and contract over 1,500 MW of capacity from renewable energy sources, to spur electric mobility, and to use and promote earth-friendly technologies,” Meralco Chairman Manuel V. Pangilinan said.
A 20 years of power purchase agreement will be grated for the selected bidders and the last date to apply for bidding is February 2. The Philippine’s government will also introduce a Green Energy Tariff Program auction regime to allocate 2 GW capacity of renewable energy as the country is working to install 15 GW of clean energy by 2030.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
