15 firms vie for Meralco’s 200-MW RE supply deal

Fifteen power generation companies have entered the Competitive Selection Process (CSP) for the Manila Electric Company’s (Meralco) 200-megawatt (MW) renewable energy (RE) baseload supply requirement, signaling robust industry participation in the utility’s latest procurement round.

The bidders, which previously submitted their Expressions of Interest, took part in the Pre-Bid Conference held on January 15, 2026. These include ACEN Corporation, AP Renewable Energy Corporation, Bac-Man Geothermal Inc., Energy Development Corporation, First Gen Hydro Power Corporation, GNPower Kauswagan Ltd. Co., GNPower Mariveles Energy Center Ltd. Co., Green Core Geothermal Inc., Mariveles Power Generation Corporation, Negros Island Solar Power Inc., SanMar Solar Inc., Sinocalan Solar Power Corporation, Sual Power Inc., Therma Luzon Inc., and Therma Visayas Inc.

“The strong interest from participating power generation companies underscores the effectiveness of the CSP as a mechanism to secure sufficient and least-cost power supply for our customers,” said Lawrence S. Fernandez, chairman of Meralco’s Bids and Awards Committee. “We look forward to receiving their proposals on the bid submission deadline set for February 16.”
The resulting Power Supply Agreement (PSA) will cover Meralco’s 200-MW baseload requirement in support of compliance with the Renewable Portfolio Standards, starting January 26, 2026, subject to approval by the Energy Regulatory Commission (ERC).

Meralco said the procurement is aligned with its annual Power Supply Procurement Plan, as approved by the Department of Energy (DOE), and forms part of the utility’s commitment to conduct open, transparent, and competitive CSPs in accordance with government rules and regulations.