Manila: Pangilinan-led Manila Electric Company (Meralco) on Wednesday announced the start of a competitive selection process (CSP) to secure 300 megawatts (MW) of power supply by February 2028 and an additional 600 MW by February 2029, subject to regulatory approvals.

According to Philippines News Agency, the capacity requirements will be covered by a 15-year power supply agreement recently approved by the Department of Energy (DOE). Meralco stated that it recently received a certificate of conformity from the DOE following a review process that took more than a year. The company's bids and awards committee will accept expressions of interest from power generation companies until July 14, 2026. A pre-bid conference is scheduled for July 28, while the deadline for bid submissions is set for September 1.

Meralco highlighted that the CSP will be technology-neutral, allowing all generation technologies that meet the technical and commercial requirements to submit an offer. This will be done in accordance with the Terms of Reference (TOR) and Invitation to Bid (ITB) and subject to the DOE's Energy Mix Policy under Department Circular No. DC2026-02-0005. The company emphasized that the CSP policies will ensure that power supply requirements are procured through open and competitive bidding based on least-cost parameters, which will benefit customers in terms of rate and supply reliability.

Lawrence Fernandez, head of Meralco's Bids and Awards Committee for Power Supply Agreements (BAC-PSA), stated, "This CSP forms part of Meralco's continuing commitment to securing reliable, adequate, and competitively priced power supply for customers through a transparent and competitive procurement process."