Taiwan Power Co (Taipower, 台電) yesterday said the public should consider the possibility of electricity rates being hiked if the Fourth Nuclear Power Plant does not go online.
The comment came in response to former Democratic Progressive Party (DPP) chairman Lin Yi-xiong (林義雄) beginning a hunger strike in Taipei yesterday to protest against the completion of the plant in New Taipei City’s Gongliao District (貢寮) and to encourage the government to recognize that the public is opposed to the plant.
Lin, 72, began his hunger strike at the Gikong Presbyterian Church (義光教會) on Xinyi Road.
Photo: Sam Yeh, AFP
“We respect Mr Lin’s dedication to pushing the government to implement a specific energy policy [to halt construction of the plant], and that is all I can say,” Taipower vice president Roger Lee (李鴻洲) told reporters on the sidelines of a corporate event.
As the supervisor of the plant’s construction, Taipower welcomes the public to express their support or dissent for the Fourth Nuclear Power Plant and nuclear energy, Lee said.
However, one should consider whether there is need to complete construction of the plant from more than one perspective, and people may be required to pay more for non-nuclear plant generated electricity, Lee said.
Taipower plans to finish its security test at the controversial plant by the end of June, as scheduled by the Ministry of Economic Affairs, and will let the government decide whether to install the fuel rods in accordance with its energy policies afterward, he said.
Wu Yu-jen (吳玉珍), a spokesperson for the ministry’s task force on the plant, said Taiwan would face power shortages if the Fourth Nuclear Power Plant does not become operational, since the three operating plants — Jinshan Nuclear Power Plant in Shihmen District (石門) and Guosheng Nuclear Power Plant in Wanli District (萬里) of New Taipei City and Ma-anshan Nuclear Power Plant in Ma-anshan (馬鞍山), Pingtung County — are scheduled to be retired by 2025.
Despite the generation of electricity from alternative energy sources, electricity shortages would remain an issue and would have a considerable impact on households as well as businesses, she said by telephone.
“The shortage issue would only get worse, especially in northern Taiwan,” Wu said.
Taipei uses up to 40 percent of the total electricity generated annually by Taipower nationwide because of its large population.
Taipei residents might face power restrictions sooner than expected, as the Linkou coal-fired power plant in New Taipei City and the Hsieh-ho coal-fired power plant in Keelung are scheduled to be shut down this year.
If the three operating nuclear power plants retired as scheduled in 2025, the country’s total electricity supplies would drop by 40 billion kilowatts a year, if Fourth Nuclear Power Plant was not completed, which would leave up to 90 percent of household demand for electricity unmet, Wu said.
NEW MARKET: The partnership opens up India to the Dutch company, which already has a strong hold in the semiconductor market of South Korea, Taiwan and China ASML Holding NV entered into a partnership agreement with Tata Electronics Pvt Ltd aimed at ramping up India’s goal to develop domestic chip-manufacturing capabilities. The Dutch company’s technology would help power Tata Electronics’ planned 300 millimeter (mm) semiconductor foundry in Gujarat, according to a joint statement from the two companies on Saturday. The signing of a memorandum of understanding coincides with a visit by Indian Prime Minister Narendra Modi to the Netherlands, which is looking to deepen bilateral relations with New Delhi. ASML, whose top customers include Taiwan Semiconductor Manufacturing Co (台積電) and Samsung Electronics Co, makes lithography machines that can print
Tokyo Electron's Taiwan unit today said in a written response that it respects the judicial process, takes the court ruling seriously and would not appeal in the Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) trade secrets case. Last month, a court fined the Taiwan unit of Japan's Tokyo Electron NT$150 million (US$4.74 million) in a case involving trade secrets related to TSMC's sensitive chip technology.
ROUGH RECORDS: Bonds in Japan, as well is in New Zealand, Australia and the US, are seeing the effects of a nervy market as stock exchanges across Asia edge down A deepening slump in Japanese government bonds added fuel to the selloff in global debt markets as rising oil prices stoked inflation fears and pushed yields to multi-decade highs. Japan’s 30-year yield yesterday surged as much as 20 basis points to the highest level since the tenor’s debut in 1999, before paring some of the move. Shorter-maturity Japanese debt was also under pressure, underscored by weak demand at a sale of five-year notes that offered a record-high coupon of 2 percent. Concerns over inflation and government spending rippling through markets including the US, Australia and New Zealand are being amplified in Japan,
Wall Street is licking its chops over an unprecedented slate of massive initial public offerings (IPOs) set to arrive in the coming months, beginning with Elon Musk’s Space Exploration Technologies Corp (SpaceX) next month. That is expected to be followed by artificial intelligence (AI) rivals OpenAI and Anthropic PBC. The trio of mega listings, each eyeing valuations around US$1 trillion or more, constitutes a heady period of elevated risk and reward. SpaceX is targeting an IPO that would raise up to US$80 billion — about double the funds generated from all IPOs last year. OpenAI and Anthropic are eyeing IPOs raising US$60 billion. “We’re