Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home>>Daily News>>Philippines>>Power>>Solar Philippines eyes supply contract with Meralco

NEWS UPDATES Asean Affairs   January 30, 2018  









Solar Philippines eyes supply contract with Meralco

Solar Philippines is challenging Lopez-led First Gen Corp. for a 24/7 power supply contract with Manila Electric Company (Meralco).

In an emailed statement, Solar Philippines said it gave Meralco a rate of P2.99 per kilowatt-hour (/kWh), for an estimated savings of P75 billion per year.

This compares with an average rate of P5.44/kWh proposed by First Gas Power Corp., a wholly-owned subsidiary of First Gen Corp., which currently sells power to Meralco from a 500-megawatt (MW) natural gas plant.

Solar Philippines noted the supply will come from its 414-MW San Gabriel solar farm.

“Meralco can save an average of 30 percent, thanks to advances in solar and battery storage,” Solar Philippines president Leandro Leviste said.

Meralco declared as failure a recent bidding under the Competitive Selection Process (CSP), noting the prospective suppliers did not qualify to challenge First Gen.

Participants in the selection process must offer the same fuel as the original supplier— in this case, natural gas.

Solar Philippines is keeping its fingers crossed: that Meralco would decided to open the selection process to all forms of energy.

“Meralco may now choose whether to re-bid this under the same terms, or amend the terms to allow other technologies to compete on the basis of cost,” the company said.

“If competition is opened to the widest field of players, residential customers would also enjoy such low costs, translating to P1,000 in savings per household per year,” Leviste noted.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



  Today's  Stories                        January 30, 2018 
• Border trade increases  Subcribe: Asean Affairs Global Magazine
• Indonesia, Bangladesh agree to boost economic ties  Subsribe Now !
Peso falls to P51:$1 ahead of Trump address, US economic data
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

Inflation recorded at 0.73 percent in January
Solar Philippines eyes supply contract with Meralco
Asean Analysis                  October 27,  2017
• Asean Analysis October 27, 2017
Southeast Asia from Scott Circle: Indonesian Presidential Politics Begins to Heat Up 18 Months before Elections
Advertise Your Brand

Asean Stock Watch   January 29,  2018

• Asean Stock Watch-January 29, 2018
The Biweekly Update
• The Biweekly Update  October 27, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com