3 power firms submit best bids for supply of 500 megawatts to Meralco
Three power firms–First Gen Hydro Power Corp., Phinma Energy Corp. and South Premiere Power Corp.–submitted the best bids involving the supply of 500 megawatts (MW) of mid-merit capacity to the Manila Electric Company (Meralco) effective December 26, 2019 for a term of five years.