After a thorough and transparent competitive selection process (CSP), the San Fernando Electric Light and Power Company (SFELAPCO) has announced its two new power generators that will help ensure a stable and affordable electricity supply for San Fernando and Floridablanca.
Rocky Bayas, SFELAPCO VP for Strategic Planning, said Aboitiz Solar won the bidding for its baseload requirement, while San Miguel’s Masinloc Power Partners Co. Ltd. (MPPCL) will provide supply for the company’s intermediate power demand.
The two power firms acknowledged and accepted the Notice of Awards, he added.
“Amid prevailing market prices and electricity supply concerns, these two companies presented the best options that we believe would best serve the interests of our customers moving forward,” Bayas said.
“In addition, our new power generators have renewable energy (RE) components, so they are entitled to value-added tax (VAT) discounts that can help lower generation charges,” he added.
Once the power supply agreement (PSA) with its new power generators is finalized, SFELAPCO will submit the deal to the Energy Regulatory Commission (ERC) for review and approval.
Aside from the winners, ACEN Energy and GN Power also joined SFELAPCO’s CSP for its next power generators.
The CSP was completed weeks before SFELAPCO’s six-month Emergency Power Service Agreement (EPSA) with GN Power expires in June.
