“The TOR is being updated and will be republished,” Meralco Vice President Lawrence S. Fernandez has noted.
The Meralco executive indicated that the proposed changes in the TOR for the power supply agreement auction are “still under review by technical and legal teams.” Meralco issued a notice on December 27 last year that it targets to bid out the PSA for its greenfield capacity supply portfolio by February this year. The expected capacity is set for delivery in year 2024.
“The second invitation to bid for the second round of bidding for the contract capacity of 1,200MW; COD 2024 will be updated. The deadline of submission of expressions of interest and other bidding milestones will be adjusted accordingly,” Fernandez has stipulated in a notice to the interested CSP participants.