Tue, Jul 05, 2005 - Page 10 News List

Hwang takes helm of Taipower

STATE-RUN UTILITY The former head of Taiwan Tobacco and Liquor Corp became the chairman of the money-losing electricity monopoly. But can he change things?

By Jessie Ho  /  STAFF REPORTER

"The investment will help Taipower to make money, as well as to consolidate friendship with our diplomatic allies there," said Chen, who also attended Hwang's swearing-in ceremony yesterday.

"If these investments were profitable, Taipower would probably not have to raise electricity rates too high," he added.

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