The Supreme Court has stopped the sale of the 153.1-megawatt (MW) Naga Power Plant to SPC Power Corp., ruling that the company does not have the right to top an offer by a rival firm.
The Power Sector Assets and Liabilities Management Corp. (PSALM), which allowed SPC to revise its bid and subsequently beat Therma Power Visayas Inc. (TPVI), on Sunday insisted that the deal was valid.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.