Meralco urged to push clean energy initiative !-- --
The Power for
This as the group cited Meralco's plans announced in October to develop at least 1,000 MW of renewable energy in five to seven years, even creating its own renewable energy subsidiary,
"We challenge Meralco to take on a
"As a private company responsible for crafting and executing its own bidding rules, Meralco has all the means to make the playing field level for renewable energy sources whose costs have been rapidly decreasing in the past decade," he said. The 1,200 MW bid is the third that Meralco is conducting following the
Last September, Meralco conducted the CSP for the 1,200-MW greenfield capacity, but was declared a failed bidding after only
(MGen), submitted its offer. For the second round of the 1,200-MW CSP, Meralco first vice president and head of regulatory management
" "Meralco is confident that the next round of bidding will be successful once again, as this will contribute to adding much-needed capacity to the Luzon grid, as well as bring power rates further down for the benefit of our consumers," he said. Meralco has relaxed the rules in the second round of CSP.
For one, ower players can offer contract capacity at 600 MW blocks, and can bid using multiple units with a minimum capacity of 150 MW per unit and the same fuel type. Also, bidders can offer fuel source "from a technology that complies with the prevailing emission standards under pertinent (
" The first round called for bidders to contract the whole capacity of 1,200 MW and power plants should utilize high efficiency, low emission (HELE) technology. "We assure the public that Meralco's Terms of Reference (TOR) for the second invitation to bid are pro-consumer, transparent, and will result in least cost, as prescribed in the Electric Power Industry Reform Act (EPIRA).
We wish to thank the
Similar to the first 1,200 MW and 500 MW CSPs, the upcoming CSP bidding will be done in accordance with the DOE Circular requiring distribution utilities to procure power through a CSP. The CSP will be administered by the
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