SMC, Aboitiz companies set best bids for Meralco deals

The units of energy giants San Miguel Corp. (SMC) and Aboitiz Group submitted the lowest offers for 15-year baseload supply contracts of Manila Electric Co. (Meralco). The electricity distribution giant said in a statement on Tuesday that it successfully conducted the auction, where a total of 600-megawatt (MW) power supply requirement was up for grabs.
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