Meralco obtains 38 percent and 52 percent of its requirements from IPPs and PSAs, respectively. Meralco, meanwhile, will bid out again 1,200 megawatts of power requirement on Feb. 17, 2020 in compliance with the competitive selection process of the Department of Energy. Meralco, in a new invitation to bid late last year, called on interested parties to participate in the competitive bidding for the supply of 1,200 MW of baseload capacity for 20 years starting 2024. The company held the first bidding for the 20-year 1,200-MW baseload requirement on Sept. 10, but declared a failure after only one company submitted an offer.