Star Energy Corp (星能股份) won a bid yesterday to provide wind-power generation facilities to Taiwan Power Co (Taipower, 台電) for NT$3.2 billion (US$98.2 million), a filing to the Taiwan Stock Exchange showed.
Star Energy, a wholly-owned electricity generation subsidiary of Taiwan Cogeneration Corp (
State-owned Taipower's floor price was NT$3.37 billion.
Star Energy beat Fortune Electric Co (華城電機) to win the Shihu and Linkou contracts, which are part of the second phase of Taipower's nine-year wind power project.
Fortune Electric -- which designs and manufactures transformers, switch gears and distribution equipment -- submitted a tender of NT$3.47 billion, Taipower said.
Shares of Taiwan Cogeneration rose NT$0.25 or 1.47 percent to close at NT$17.2 yesterday.
The news of winning bid came after the close of stock market, but the stock of Fortune Electric was limit up yesterday amid market speculation that it would win the bid. It closed NT$3.35 higher at NT$51.8.
Taipower completed the first phase of the wind power project with the installment of 60 units of wind power generators for a capacity of 98.96 megawatts, the company said on its Web site.
The company is now working on the second phase of the project which aims to install 58 units with a total capacity of 116 megawatts, the Web site said.
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ASE Technology Holding Co (ASE, 日月光投控), the world’s biggest chip assembly and testing service provider, yesterday said it would boost equipment capital expenditure by up to 16 percent for this year to cope with strong customer demand for artificial intelligence (AI) applications. Aside from AI, a growing demand for semiconductors used in the automotive and industrial sectors is to drive ASE’s capacity next year, the Kaohsiung-based company said. “We do see the disparity between AI and other general sectors, and that pretty much aligns the scenario in the first half of this year,” ASE chief operating officer Tien Wu (吳田玉) told an
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