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Published January 28, 2021, 7:00 AM
SMC Global Power Holdings Corporation, the energy investment arm of San Miguel Corporation and Aboitiz Power Corporation, were among the big-ticket players in the power industry that submitted offers in the competitive selection process (CSP) carried out by Manila Electric Company (Meralco) for its power supply agreements (PSAs) that will satiate its future electricity supply requirements.
According to the third party bids and awards committee (TPBAC) of Meralco’s CSP process, “nine (9) submissions were received by the deadline (which was 9:00am on January 27),” and the equivalent-megawatts of the offers reached 5,850 megawatts.
The PSAs on tender will be for aggregate 1,800MW and will be for 20-year duration. The facilities will supply the electricity needs of Meralco starting year 2024, based on the CSP terms previously submitted to the Department of Energy. ....

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