CTCI Corp (中鼎工程), the nation’s largest engineering and construction services provider, has further expanded its services to the power sector after securing a build-operate-transfer project in Vietnam in cooperation with Japanese and South Korean companies.
The 1.32 gigawatts thermal power plant project was signed in January this year and began construction in August, a CTCI official said by telephone yesterday, declining to elaborate on the size of the project.
Together with Toshiba Energy Systems & Solutions Corp, IHI Corp and Doosan Heavy Industries & Construction Co, CTCI is to build a power plant with two supercritical coal-fired boilers, each with a capacity of 660 megawatts (MW), at the Van Phong Economic Zone in Khanh Hoa Province, the official said on condition of anonymity.
Japanese trading house Sumitomo Corp will be in charge of the power plant’s construction, operation and maintenance for 25 years, which is expected to start commercial operation in 2023, CTCI said.
The project would further consolidate CTCI’s position in Vietnam’s engineering and construction market, company chairman John Yu (余俊彥) said in a statement.
CTCI will continue to seek business opportunities in Vietnam through its local unit, CIMAS Engineering Co, which was established in 2001, it said.
CTCI mainly derives its revenue from Southeast Asia, which accounted for 36 percent of sales in the first eight months of this year, followed by 33 percent in Taiwan and 10 percent in China.
The company has completed a small power generator project for Thai Oil Public Co and a 300MW combined cycle power plant project in Malaysia’s Kimanis Township.
In Taiwan, it plans to bid for offshore wind development projects this quarter, including underwater base and pile construction worth NT$10 billion, the company said.
This story has been modified since it was first published to clarify any possible misunderstandings.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
TRANSFORMATION: Taiwan is now home to the largest Google hardware research and development center outside of the US, thanks to the nation’s economic policies President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋). This signals Taiwan’s transformation into the world’s largest Google hardware research and development center outside of the US, validating the nation’s economic policy in the past eight years, she said. The “five plus two” innovative industries policy, “six core strategic industries” initiative and infrastructure projects have grown the national industry and established resilient supply chains that withstood the COVID-19 pandemic, Tsai said. Taiwan has improved investment conditions of the domestic economy
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day