The government would not be able to reach the power reserve margin target it set for 2025 if fails to commence operations at the coal-fired Shenao Power Plant (深澳電廠) as scheduled, the Ministry of Economic Affairs said yesterday.
The nation is likely to see a power shortfall by 2025, as the reserve margin is expected to decline 1.4 percent if the plant does not come online in July that year, the ministry said in a statement.
The government aims to improve the margin to 15 percent after next year from 7.1 percent this year by accelerating construction of several power plant projects, including expanding the Shenao plant in New Taipei City’s Rueifang District (瑞芳).
Upgrading the plant would ensure a stable power supply and improve energy efficiency, the ministry said, adding that the facility’s lower heating value — its efficiency taking into account the energy lost as water evaporates during combustion — is forecast to grow to 45 percent from 38 percent after the upgrades are completed.
Upgrades at the coal-fired Linkou Power Plant (林口發電廠) in New Taipei City are finished, the ministry said, adding that it would strike a balance between efficiency and environmental protection when upgrading the Shenao plant.
With more advanced equipment, the facility would be capable of reducing sulfur oxide and nitric oxide emissions, it added.
The ministry’s remarks came after the plant on Wednesday passed an environmental impact assessment, triggering renewed criticism over worsening air quality in northern Taiwan.
Environmental groups consider the Shenao plant upgrade to constitute a new project, as the original facility was mothballed in 2007 before being demolished in 2011, local Chinese-language media reported.
The government should invest more resources in the development of renewable energy resources, instead of generating coal-based energy, environmental groups have said.
The ministry said it assessed the possibility of replacing coal with natural gas at the Shenao plant, but the site does not have the space required to store the fuel.
Despite the government’s goal of generating 20 percent of the nation’s electricity from renewable sources by 2025, the ministry said it is still necessary to partly rely on coal-generated energy to ensure a stable energy supply.
Taiwan, an energy-dependent nation that imports nearly 98 percent of its fuel, is susceptible to fluctuations in global energy prices, the ministry said.
Coal-generated energy is seen as a more stable energy resource compared with renewable sources, as coal can be stored for 30 days, it added.
CLIENTS’ RIGHTS: Banking Bureau Deputy Director-General Lin Chih-chi said the buyer and Citibank Taiwan would need to disclose changes to branch operations DBS Bank Taiwan (星展台灣), the local unit of Singapore-based DBS Group Holdings Ltd, has reportedly won a bid to acquire Citibank Taiwan Ltd’s (花旗台灣) consumer banking business, but the two companies declined to confirm the report yesterday. Citibank Taiwan’s consumer banking business is to be sold for about NT$60 billion (US$2.17 billion) to DBS Taiwan, the Chinese-language Economic Daily News reported on Sunday. DBS Taiwan and its parent company are expediting the negotiations with the seller’s US-based parent company, while other local bidders, including Fubon Financial Holding Co (富邦金控) and Cathay Financial Holding Co (國泰金控), have dropped their bids, the report said. Citibank
Intel Corp yesterday said it has placed its first order with ASML Holding NV to purchase the semiconductor industry’s first TWINSCAN EXE: 5200 system, as the US chip giant aims to compete with Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) in advancing to 2-nanometer process technology. The Dutch semiconductor equipment maker’s TWINSCAN EXE:5200 system is an extreme ultraviolet (EUV) high-volume production system with a high numerical aperture (NA) that can produce 220 wafers per hour, more than the 150 wafers that its previous generation TWINSCAN EXE:5000 system can handle. ASML aims to launch the new system in 2024. ASML president and chief
MediaTek Inc (聯發科), the world’s biggest 5G chip supplier, saw its ranking rise by one notch to No. 7 last year among world semiconductor vendors, as it benefited from the rapid 5G smartphone uptake in China after Huawei Technologies Co (華為) was forced to exit the market, Gartner Inc said in a report yesterday. MediaTek’s revenue soared 58.8 percent to US$17.45 billion last year from US$10.99 billion in 2020, outpacing the global semiconductor industry’s growth of 25 percent, according to Gartner’s tally. That gave MediaTek a 3 percent market share. The Hsinchu-based chip company ranked No. 8 in 2020, behind Texas Instruments
Siltronic AG cast doubt on a planned US$5.3 billion takeover by GlobalWafers Co (環球晶圓), saying the German Ministry of Economic Affairs and Climate Action’s feedback so far was opaque and offered no clear resolution on how to win approval for the deal. During recent discussions, the companies did not receive any information as to whether and under which conditions a clearance for the takeover might be issued, the German company said in a regulatory filing on Friday following a news report on remedies the companies have offered. In the ministry’s view “in this case, a mitigation agreement is apparently not suitable