The Taichung City Government yesterday fined the Taichung Power Plant NT$20 million (US$647,962) for poor management of industrial wastewater.
The Taichung Environmental Protection Bureau gave the coal-fired plant until April 30 to come up with a proposal to ameliorate the situation, bureau Director-General Wu Chih-chao (吳志超) said in a statement posted on the city government’s Web site.
The plant, which is run by state-owned Taiwan Power Co (Taipower, 台電), was fined in accordance with Section 40 of the Water Pollution Control Act (水污染防治法), Wu said.
Photo: CNA
It is the highest fine ever imposed on a state-owned enterprise, the statement said.
A test conducted on March 21 by the bureau found that wastewater from the plant’s No. 1 to No. 4 generators contained nitrate nitrogen levels that exceeded the allowable limit, Wu said.
Two other tests carried out earlier this year on generators No. 5 to No. 8 also turned up levels that exceeded the limit, he said.
Taipower in a statement said that high nitrate nitrogen levels were mainly caused by the plant’s focus on preventing air pollution, resulting in a lack of capacity to manage water pollution.
The utility said it respects the city government’s decision.
“We need to resolve the problem of wastewater first. We have yet to discuss whether to appeal the fine,” Taipower spokesman Hsu Tsao-hua (徐造華) told the Taipei Times by telephone.
The company must pay the fine by May 15, the Chinese-language Liberty Times (sister newspaper of the Taipei Times) reported, citing Taichung Information Bureau Director-General Wu Huang-sheng (吳皇昇).
To demonstrate its willingness to lower nitrate nitrogen levels in wastewater, the plant has halved the output of generators No. 1 to No. 4, Taipower said.
The plant has also readjusted an operating meter for flue gas desulfurization equipment to reduce the level of nitrogen oxides, it said, adding that round-the-clock supervision of the generators is being enforced to regulate the quantity of ammonia injection.
Generator No. 4 would be shut down to test equipment and improve wastewater management, Taipower said, adding that adjustments would be made to generator No. 3 to improve air pollution controls.
Taipower reiterated the importance of the plant, which it said plays a key role in ensuring a steady power supply for the nation.
The timing for the generators to return to normal generation levels would depend on wastewater conforming to regulations, it said.
The company said it hopes that improvements to the plant’s wastewater management could be made by early next month, as the nation’s electricity consumption is to greatly increase afterward.
It would maintain a low operating reserve margin of 6 percent over the next 10 days, as there have been no forecasts of abnormally hot weather, Taipower said, adding that and adjustments would be made according to the weather and electricity consumption.
The US dollar was trading at NT$29.7 at 10am today on the Taipei Foreign Exchange, as the New Taiwan dollar gained NT$1.364 from the previous close last week. The NT dollar continued to rise today, after surging 3.07 percent on Friday. After opening at NT$30.91, the NT dollar gained more than NT$1 in just 15 minutes, briefly passing the NT$30 mark. Before the US Department of the Treasury's semi-annual currency report came out, expectations that the NT dollar would keep rising were already building. The NT dollar on Friday closed at NT$31.064, up by NT$0.953 — a 3.07 percent single-day gain. Today,
‘SHORT TERM’: The local currency would likely remain strong in the near term, driven by anticipated US trade pressure, capital inflows and expectations of a US Fed rate cut The US dollar is expected to fall below NT$30 in the near term, as traders anticipate increased pressure from Washington for Taiwan to allow the New Taiwan dollar to appreciate, Cathay United Bank (國泰世華銀行) chief economist Lin Chi-chao (林啟超) said. Following a sharp drop in the greenback against the NT dollar on Friday, Lin told the Central News Agency that the local currency is likely to remain strong in the short term, driven in part by market psychology surrounding anticipated US policy pressure. On Friday, the US dollar fell NT$0.953, or 3.07 percent, closing at NT$31.064 — its lowest level since Jan.
Hong Kong authorities ramped up sales of the local dollar as the greenback’s slide threatened the foreign-exchange peg. The Hong Kong Monetary Authority (HKMA) sold a record HK$60.5 billion (US$7.8 billion) of the city’s currency, according to an alert sent on its Bloomberg page yesterday in Asia, after it tested the upper end of its trading band. That added to the HK$56.1 billion of sales versus the greenback since Friday. The rapid intervention signals efforts from the city’s authorities to limit the local currency’s moves within its HK$7.75 to HK$7.85 per US dollar trading band. Heavy sales of the local dollar by
The Financial Supervisory Commission (FSC) yesterday met with some of the nation’s largest insurance companies as a skyrocketing New Taiwan dollar piles pressure on their hundreds of billions of dollars in US bond investments. The commission has asked some life insurance firms, among the biggest Asian holders of US debt, to discuss how the rapidly strengthening NT dollar has impacted their operations, people familiar with the matter said. The meeting took place as the NT dollar jumped as much as 5 percent yesterday, its biggest intraday gain in more than three decades. The local currency surged as exporters rushed to