SMC unit puts in lowest bid for Meralco deal

MANILA, Philippines – A unit of San Miguel Corp. might bag a 200-megawatt supply deal with Manila Electric Co. (Meralco) after it submitted the lowest offer at a recent bidding. In a statement on Tuesday, Meralco said six power generation firms took part in the auction. READ: Meralco to procure 200-MW renewable energy  Sual Power