Manila Electric Co.’s third-party bids and awards committee on Tuesday declared a failure of bidding on the right to challenge the unsolicited proposal submitted by the group led by Solar Philippines to supply 850 megawatts of renewable energy.
The panel said it did not receive comparative bids from other parties on the April 5 deadline to challenge the unsolicited proposal of Terra Solar Philippines Inc.—the joint venture of Solar Philippines Power Project Holdings Inc. of the Leviste Group and Prime Infrastructure Capital Inc. of billionaire Enrique Razon Jr.
Terra Solar proposed a P6.0800-per-kilowatt-hour headline rate and levelized cost of electricity and committed a total 600 MW of its power supply by Feb. 26, 2026, and an additional 250 MW by Feb. 26, 2027.
Two interested bidders initially expressed interest to participate in the bidding, including SMC Global Light and Power of San Miguel Corp. and a group of RE developers led by SunAsia Energy Inc.
Under the competitive selection process, Meralco can conduct direct negotiation after two comparative failed biddings. However, the Meralo TPBAC did not announce its next course of action after the failed bidding.
Meralco said SGLP wrote and notified the TPBAC that it would no longer participate in the 850-MW CSP. SunAsia aso sent a “notice of non-submission of bid” on the April 5 deadline.
Pursuant to Section 9 of the revised CSP rules, a “comparative bidding is considered failed when, during its conduct, no comparative bid was received by the TPBAC.”
The TPBAC then determined that there was a failure of bidding for the CSP. The bid submission was attended by several observers from the Department of Energy.
Meralco started the competitive selection process via a competitive challenge for the contract capacity of 850-MW RE on Jan. 22, following the DOE’s approval of the CSP’s terms of reference and bid requirements.
The original bid submission deadline was March 7, but this was later extended to April 5 to accommodate a prospective bidder’s request for more time.
The TPBAC said its decisions were made in consideration of its mandate to uphold the policy under the Electric Power Industry Reform Act of 2001 and the revised CSP rules to conduct a competitive public bidding, which ensures the quality, reliability, security and affordability of electric power supply to Meralco’s captive customers.
The TPBAC did not receive any motion or request to further extend the deadline.