Manila Electric Co. (Meralco) has received expressions of interest from 15 power generation companies for a 200-megawatt baseload renewable energy supply contract, exceeding the required volume with a total potential capacity of 725 megawatts.
The auction is part of Meralco’s effort to comply with the government’s Renewable Portfolio Standards, requiring utilities to source a portion of their electricity from clean energy.
A pre-bid conference is scheduled for Jan. 15, with final bids due by Feb. 16, and the winning supplier will sign a four-year contract starting Jan. 26, 2026.
Meralco said the strong participation reflects confidence in its transparent procurement process, which aims to secure the least-cost electricity and protect consumers from price volatility.
The initiative supports the Philippines’ goal of increasing renewables to 35% of the energy mix by 2030 while strengthening the utility’s baseload capacity and grid reliability.
Source: PhilNews24 | January 8, 2026
