Taiwan hopes to build a power plant that will use a strong current flowing off its east coast to generate electricity, an official said yesterday.
The plant is still in the planning stage, but once built, it would be the first plant in Asia to make use of the Kuroshio current -- also known as the Black stream -- that flows along the Pacific Ocean to the east of the country, said Chen Chin-te (陳金德), a Ministry of Economic Affairs official in charge of energy development.
"The current's potential as an energy source was long ignored when oil was cheap," Chen said. "Now we believe it may become Taiwan's biggest asset in terms of a new energy source, more so than solar or wind power."
"You could consider it as a nuclear power plant that does not need plutonium to run," he said.
The Kuroshio is the world's second-largest warm current after the Gulf stream in the Atlantic Ocean. The Kuroshio is known for its strong, fast flow as it passes seas near the Philippines and Taiwan before running northeast toward Japan.
The stream, up to 150km wide, could be a powerful source of energy as it flows steadily at a rate of 1m a second, officials said.
The ministry recently began a three-year feasibility study on the power plant, spending NT$200 million (US$6 million) to survey the Kuroshio current's flow and make preliminary designs of the generators.
Taiwan's proximity to the current's passage -- kilometers off its eastern coast -- enables it to make use of the current's flow better than its neighbors, Chen said.
The plant could be costly to build, Chen said, adding that the generators would have to be installed on the seabed and fastened to the shore with steel cables. But he did not provide a figure.
Taiwan could import technologies from Britain or the US, countries that have more experience building generators, he said.
Taiwan imports 98 percent of its fuel and has been seeking new energy sources, including wind power, biodiesel fuel and alcohol made from sugar canes.
Singapore-based ride-hailing and delivery giant Grab Holdings Ltd has applied for regulatory approval to acquire the Taiwan operations of Germany-based Delivery Hero SE's Foodpanda in a deal valued at about US$600 million. Grab submitted the filing to the Fair Trade Commission on Friday last week, with the transaction subject to regulatory review and approval, the company said in a statement yesterday. Its independent governance structure would help foster a healthy and competitive market in Taiwan if the deal is approved, Grab said. Grab, which is listed on the NASDAQ, said in the filing that US-based Uber Technologies Inc holds about 13 percent of
The domestic unit of the Chinese-owned, Dutch-headquartered chipmaker Nexperia BV will soon be able to produce semiconductors locally within China, according to two company sources. Nexperia is at the center of a global tug-of-war over critical semiconductor technology, with a Dutch court in February ordering a probe into alleged mismanagement at the company. The geopolitical tussle has disrupted supply chains, with some carmakers reportedly forced to cut production due to chip shortages. Local production would allow Nexperia’s domestic arm, Nexperia Semiconductors (China) Ltd (安世半導體中國), to bypass restrictions in place since October on the supply of silicon wafers — etched with tiny components to
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday received government approval to deploy its advanced 3-nanometer (3nm) process at its second fab currently under construction in Japan, the Ministry of Economic Affairs said in a news release. The ministry green-lit the plan for the facility in Kumamoto, which is scheduled to start installing equipment and come online in 2028 with a monthly production capacity of 15,000 12-inch wafers, the ministry said. The Department of Investment Review in June 2024 authorized a US$5.26 billion investment for the facility, slated to manufacture 6- to 12nm chips, significantly less advanced than 3nm process. At a meeting with
Taiwan’s food delivery market could undergo a major shift if Singapore-based Grab Holdings Ltd completes its planned acquisition of Delivery Hero SE’s Foodpanda business in Taiwan, industry experts said. Grab on Monday last week announced it would acquire Foodpanda’s Taiwan operations for US$600 million. The deal is expected to be finalized in the second half of this year, with Grab aiming to complete user migration to its platform by the first half of next year. A duopoly between Uber Eats and Foodpanda dominates Taiwan’s delivery market, a structure that has remained intact since the Fair Trade Commission (FTC) blocked Uber Technologies Inc’s