PSALM defends contract award of Cebu power plant to SPC PC

February 24, 2016

It can be recalled PSALM declared Therma Power Visayas Inc. (TPVI), a subsidiary of Aboitiz Power Corp.

, as the highest bidder for the NPPC with a bid of P1.

088 billion, higher than SPC’s bid of only P858,999,888.

88.