Sat, Jan 20, 2001 - Page 1 News List

Taipower hopes to avert nuclear contract bailout

TIME IS MONEY As Taipower scrambles to hold the nuclear construction team together, the clock ticks down for the government to either proceed with the controversial project or face huge financial losses

By Richard Dobson  /  STAFF REPORTER

Other Taipower executives stressed the difficulties that would be encountered by a new company picking up a project, which in some cases may already be half finished.

"There are specific regulations governing the construction of nuclear plants ... ensuring a smooth continuation of construction of partially completed facilities is extremely important ... and it is not a simple undertaking," he said.

Besides urging the companies to stay on, Taipower can only hope for a speedy decision by the cabinet to avert a wholesale collapse of the construction team and further spectacular losses from compensation payouts.

"Regardless of whether the decision favors completion or cancellation, it must be made quickly," said Huang Shou-ching (黃壽清), head of Taipower's nuclear power department.

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