(Business Mirror) THE competitive bidding for the 850-megawatt (MW) renewable energy (RE) mid-merit requirement of the Manila Electric Co. (Meralco) was declared a failure last Thursday by the Third-Party Bids and Awards Committee (TPBAC).

There was no bid offer received on the April 5 deadline to challenge the unsolicited proposal of Terra Solar Philippines Inc.

Terra Solar is the special purpose vehicle of Razon-led Prime Infrastructure Capital Inc. and Solar Philippines Power Project Holdings Inc. led by Leandro Leviste.

According to the TPBAC, there were no comparative bids received on Tuesday even if two interested bidders initially expressed interest to participate in the bidding. These are SMC Global Light and Power (SGLP) and SunAsia Energy Inc.

SGLP wrote and notified the TPBAC that it would no longer participate in the 850MW CSP. SunAsia, meanwhile, did not submit a bid but instead submitted and read a “Notice of Non-Submission of Bid.”