SPC Power Corp. has expressed dismay over the Supreme Court’s decision to nullify its purchase of the Naga Power Plant Complex, saying this would mean the loss of an additional 300 megawatts (MW) for the Visayas grid.
“What’s even more frustrating is that prior to the release of the bidding documents for the Naga Power Plant Complex, the provision on the right to top was vetted by the Department of Justice, who found it to be legal and enforceable,” SPC Senior Vice President Alfredo Ballesteros said on Wednesday.
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