Photorespiration is a cyclic process in which RuBisCO acts as an oxygenase enzyme instead of carboxylase enzyme. Active site of this enzyme is same for both of these activities. In $C_{3}$ plants, some $O_{2}$ always bind to RuBisCO
Photorespiration does not produce energy or reducing power. Rather, it consumes energy. Further, it undoes the work of photosynthesis. There is $25\%$ loss of fixed $CO_{2}$