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Published February 19, 2021, 1:36 PM
Two subsidiary firms of diversifying conglomerate San Miguel Corporation (SMC) tendered the lowest bid for the competitive selection process (CSP) for the supply of 1,800 MW power capacity to Manila Electric Company (Meralco) over a 20-year year period.
The winning SMC companies are Excellent Energy Resources Inc. (EERI) and Masinloc Power Partners Ltd. Co. EERI cornered 1,200MW of capacity for gas-fired power generation with its price offer of P4.1462 per kilowatt hour (kWh), while its other subsidiary Masinloc Power Partners Ltd. Co. won 600MW capacity for a price bid of P4.2605 per kWh.
SMC president and COO Ramon S. Ang