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Osmena III vs. Power Sector [RESOLUTION]

SERGIO R. OSMENA III, Petitioner, vs. POWER SECTOR ASSETS AND LIABILITIES MANAGEMENT CORPORATION, EMMANUEL R. LEDESMA, JR., SPC POWER CORPORATION, and THERMA POWER VISAYAS, INC., Respondents. Present: VELASCO, JR., J., Chairperson, PERALTA, PEREZ, REYES, and JARDELEZA, JJ.

G.R. No. 212686 | 2016-10-05

Republic of the Philippines
SUPREME COURT
Manila
 
 
SPEACIAL THIRD DIVISION
 
RESOLUTION
 
VELASCO, JR., J.:
 
For resolution of the Court is the Manifestation/Motion dated March 16, 2016 of private respondent Therma Power Visayas, Inc. (TPVI). As TVPI expounded,1 a Notice of Award dated April 30, 2014 was issued in its favor for the purchase of the Naga Power Plant Complex (NPPC). The award, however, was cancelled because of the exercise by SPC Power Corporation (SPC) of its Right to Top. TVPI then implores the Court to clarify the effect on the Notice of Award of the subsequent annulment of the said Right to Top in our...