AboitizPower wants recallof Naga power award

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ABOITIZ Power Corp. (AboitizPower) on Thursday urged the Power Sector Assets and Liabilities Management Corp. (Psalm) to cancel the awarding of the Naga powere complex to SPC Power Corp. pending a resolution of a legal issue filed at the Supreme Court. In a letter to Psalm, AboitizPower, through subsidiary Therma Power Visayas Inc (TVPI), said the contract should be held in abeyance until such time that the High Court has decided on a case filed by Sen. Sergio Osmeña 3rd. Osmeña, chairman of the Senate Committee on Energy, earlier asked for a certiorari before the SC as he questioned the “right to top” given to SPC. The senator argued that the “right to top” given to SPC should be held invalid as it defeats the purpose of a fair and transparent bidding for a government asset.

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