The state-run Chinese Petroleum Corp (中油) will be able to sidestep land acquisition problems that plague other power projects in its plan to build a gas-fired power plant in northern Taiwan as most of the required property is already owned by the government.
Unlike other independent power producers in the north, the 480-megawatt Kuo Kuang Plant is unlikely to face problems acquiring land upon which to build gas pipelines to fuel the plant as it is to be built at CPC's Taoyuan Refinery -- the source of its LNG.
"We only need to run pipes ... a distance of 6.2km which is entirely within Taoyuan Refinery," said a CPC executive, who requested anonymity.
As for the transmission lines, "the distance between Kuo Kuang and Taiwan Power Co's (
Thus, as CPC is a state-run corporation, "We won't have many problems negotiating with the landowner," she said.
Acquisition of land upon which to build transmission and gas supply lines is the number one problem facing independent power producers building plants in densely populated northern Taiwan.
Recently Energy Commission (
A good example is the delay in full operation of the 900-megawatt Everpower Plant (
But the government has refused to issue the plant a building permit for the handful of remaining transmission towers until the company settles the dispute with the residents.
Construction of the Kuo Kuang Power Plant is expected to cost NT$12 billion, and will begin early next year, according to executives.
The plant is a joint venture between CPC, which owns 45 percent and CTCI Corp (
A CPC execuitve admitted yesterday that Siemens AG is the "first priority on the table in negotiations for the supply of turbines" and other equipment for the plant. But the executive added that other companies including GE, Mitsubishi Heavy Industries and ABB Alstom had also been approached to submit offers and that CPC had not yet reached a final decision.
The EU and US are nearing an agreement to coordinate on producing and securing critical minerals, part of a push to break reliance on Chinese supplies. The potential deal would create incentives, such as minimum prices, that could advantage non-Chinese suppliers, according to a draft of an “action plan” seen by Bloomberg. The EU and US would also cooperate on standards, investments and joint projects, as well as coordinate on any supply disruptions by countries like China. The two sides are additionally seeking other “like-minded partners” to join a multicountry accord to help create these new critical mineral supply chains, which feed into
Elon Musk’s lieutenants have reached out to chip industry suppliers, including Applied Materials Inc, Tokyo Electron Ltd and Lam Research Corp, for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc and Space Exploration Technologies Corp (SpaceX) have sought price quotes and delivery times for an array of chipmaking gear, people familiar with the matter said. In past weeks, they’ve contacted makers of photomasks, substrates, etchers, depositors, cleaning devices, testers and other tools, according to the people, who asked not to
Japan approved ¥631.5 billion (US$3.97 billion) in additional subsidies to hasten Rapidus Corp’s entry into the high-stakes artificial intelligence (AI) chipmaking arena, ramping up support for a project widely regarded as a long shot. The capital is intended to bankroll Rapidus’ work for information technology firm Fujitsu Ltd, one of the initial customers that Tokyo hopes would get the signature endeavor off the ground. The new money raises the fees and investments that the government is injecting into the start-up to ¥2.6 trillion by the end of the current fiscal year to March next year, the Japanese Ministry of Economy, Trade and
The founder of Chinese property giant Evergrande Group (恆大集團) has pleaded guilty to charges of fraud and bribery, a court said yesterday, the latest blow for what was once the country’s leading developer. Evergrande’s rise was propelled by decades of rapid urbanization and rising living standards, but in 2020, its access to credit dramatically narrowed when the government introduced curbs on excessive borrowing and speculation. The company defaulted in 2021 after struggling to repay creditors. Founder Xu Jiayin (許家印), 67, known as Hui Ka Yan in Cantonese, was reportedly held by police in 2023, with Evergrande saying he had been subjected to