The companies—First Gas Power Corp., First Natgas Power Corp., FDC Misamis Power Corp., GNPower Dinginin Ltd. Co., Masinloc Power Co. Ltd., and Sual Power Inc.—participated in a pre-bid conference held today, attended by Meralco consumers and streamed live on Meralco’s YouTube page.
Meralco bids and awards committee chair Lawrence Fernandez noted the continued interest of key industry players following the success of a recent tender for a 600-MW baseload supply.
"We welcome the continued interest of the country’s major energy players to join this CSP round, which will help ensure the availability of least-cost supply for our customers starting next year," he said.
The bid submission deadline and bid opening are scheduled for Oct. 1.
The 15-year power supply agreement resulting from this tender is set to begin on Aug. 26, 2025, pending review and approval by the Energy Regulatory Commission.
This process is part of Meralco's commitment to conducting open and transparent bidding processes, in line with government regulations.
Earlier this week, Meralco secured competitive offers from Masinloc Power Co. Ltd. and GNPower Dinginin Ltd. Co. for a separate 600-MW supply requirement, both offering rates significantly below the reserve price.
