SMC, ACEN units submit best bids for Meralco supply

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SMC, ACEN units submit best bids for Meralco supply
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Power retailer Manila Electric Co. declared as “best bids” the offers of the subsidiaries of San Miguel Corp. and ACEN Corp. for 500 megawatts of renewable energy supply.

Gigasol3 offered P8.1819 per kWh for 139 MW of the requirement, while SCSEI cornered the remaining 21 MW at a rate of P8.1998 per kWh. Meralco said the submissions underwent a very stringent pass/fail completeness assessment and pre-qualification evaluation. The CSP is in accordance with the Department of Energy’s Department Circular No. DC2023- 06-0021 and Energy Regulatory Commission Resolution No. 16, Series of 2023.

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