Infrastructure
MGEN Eyes Meralco Contract to Revive Atimonan Coal Plant
MGEN plans to bid for Meralco's 900MW baseload power supply contract (PSA). This move could revive the long-delayed Atimonan coal-fired power plant in Quezon. Securing the contract is key to project financing.
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- MGEN's Atimonan coal plant hinges on Meralco bid
Meralco PowerGen Corp. (MGEN) is pinning its hopes on a competitive selection process (CSP) by its parent, Manila Electric Co. (Meralco), as a final opportunity to advance its 1,200-megawatt (MW) coal-fired power plant in Atimonan, Quezon. The company has navigated several fuel technology changes and emphasizes the critical need for a power supply agreement (PSA).