Aboitiz scores in Cebu power plant dispute

Aboitiz-owned Therma Power Visayas Inc. edged closer to gaining control of the 153.1-megawatt Naga Power Plant Complex in Cebu after the Supreme Court (SC) denied with finality an appeal filed by the generation facility’s current operator, Salcon Power Corp. (SPC). In similar statements to the Philippine Stock Exchange, both Aboitiz Power Corp. and SPC disclosed to decision of the…