News & events
Bidding Update, July 30 2020
In relation to the Discontinuation of the Bidding for the greenfield baseload capacity of 1,200 (net), COD 2024 following MERALCO’s update of its Power Supply Procurement Plan (PSPP), the Terms of Reference (TOR) of MERALCO’s planned Bidding for the greenfield baseload capacity of 1,800 MW…
UPDATE ON THE BIDDING
CONTRACT CAPACITY OF 1,800 MW (NET), COD 2024-2025
(as of 23 June 2020)
To all interested bidders:
In relation to the Discontinuation of the Bidding for the greenfield baseload capacity of 1,200 (net), COD 2024 following MERALCO’s update of its Power Supply Procurement Plan (PSPP), the Terms of Reference (TOR) of MERALCO’s planned Bidding for the greenfield baseload capacity of 1,800 MW (net), COD 2024-2025 has been resubmitted to the Department of Energy (DOE) for approval.
For your reference, attached is MERALCO’s letter to the DOE last 23 June 2020, updating the DOE of the developments in MERALCO’s Bidding for the greenfield baseload capacity of 1,800 MW (net), COD 2024-2025, upon due consideration of recent geo-political developments and the Coronavirus Disease 2019 (COVID-19) pandemic’s impact of unprecedented volatility in global fuel prices, which continues to pose serious challenges with respect to the fuel cost provisions of the TOR as approved by the DOE on 25 March 2020.
For your guidance and information.
Issued on 30 July 2020.
Third Party Bids and Awards Committee (“TPBAC”)
Manila Electric Company.
LAWRENCE S. FERNANDEZ
Secretariat
To download PDF file, please click here.
