No delay in CSP – Meralcohome/Business/Top Business/No delay in CSP – MeralcoThe Manila Electric Co. (Meralco) assured the Department of Energy (DoE) it will accelerate the conduct of public bidding in its power deals. In a statement on Friday, Energy Secretary Alfonso Cusi said the DoE and Meralco agreed to expedite the competitive selection process (CSP) for its power supply agreements (PSAs) to ensure continued supply in Luzon. Meralco President and Chief Executive Officer Ray Espinosa said it would subject its agreement with Atimonan One Energy Inc. to competitive bidding. However, Espinosa said it could delay the construction of a 1,200-megawatt (MW) coal-fired power plant in Atimonan town, Quezon province. These are Mariveles Power Generation Corp., Central Luzon Premiere Power Corp., Redondo Peninsula Energy Inc., Atimonan One Energy, St. Raphael Power Generation Corp., Panay Energy Development Corp. and Global Luzon Energy Development Corp.

Source: Manila Times June 14, 2019 16:18 UTC