Solar Philippines claims deal with Meralco

SOLAR Philippines Power Project Holdings is close to sealing a supply deal with Manila Electric indicated on Wednesday.

Solar Philippines President Leandro Leviste claimed that the two companies are poised to sign an agreement, while Meralco Vice- President Lawrence Fer had a contract for 85 megawatts that would be submitted to the Energy Regulatory Commission (ERC) for evaluation.

Fernandez did not name the supplier but he told attendees of a Financial Executives of the Philippines forum that the process started with a Citicore Power offer of P3.50 per kilowatt-hour (kWh).

Leviste said Solar Power’s bid was P2.00 per kWh.

Leviste, who has claimed that the price of electricity could be slashed by 30 percent, allowing a household to reduce its monthly electric bill by P1,000, said the power President Rodrigo Duterte inspects the first Filipino solar panel factory with Solar Philippines CEO Leandro Leviste and COO Roy Oyco in this August 23. would be sourced from a facilpower developers seeking to top ity in Tarlac. Citicore’s offer. Aside from Solar In July, Meralco said that it Power, PetroEnergy Resources was assessing bids from solar Corp. also submitted a challenge.

The call for challengers was in adherence to the ERC’s competitive selection process (CSP) rule.