Northern Taiwan has narrowly avoided power restrictions in the past few days thanks to the godsend of cooler weather, executives at the state-run Taiwan Power Co (Taipower, 台電) said yesterday.
Had it not been for the cooler weather, the executives said, recent shutdowns at Taipower and private power plants would have forced the restrictions.
When temperatures soar, so does the use of electricity-guzzling air conditioners.
Newly appointed Taipower President Lin Ching-chi (林清吉) said yesterday that transformer shutdowns at the First Nuclear Power Plant (核一) in Taipei County and the Formosa Plastic Group's Mailiao Plant (麥寮電廠) on Tuesday had dropped the nation's power supply to critically low levels.
Lin said that a nitrogen gas leak in one of the transformers at the First Nuclear Power Plant had triggered alarms on Monday evening. The leak led the plant's operators to bring the No. 1 636-megawatt turbine generator off line on Tuesday morning for inspection.
The impact of these shutdowns had been compounded by the fact that the 1,902-megawatt Third Nuclear Power Plant (核三) was off-line as a result of an emergency shutdown last month. Meanwhile, repair and maintenance work is still underway on Taipower's 1,085-megawatt Linkou Plant (林口電廠) and the 1,970-megawatt Second Nuclear Power Plant (核二).
"On Tuesday the nation's power supply was at roughly 22,100 megawatts, while demand was virtually the same or just a little below that figure," Lin said.
In fact, according to Taipower data, estimated demand on Tuesday hit 21,000 megawatts, a mere 1,100 megawatts below the nation's available supply.
As of December, the nation's capacity was 29,634 megawatts.
"Originally, in the morning we began considering enforcing power restrictions, but God helped out and a cool change came through and the threat of restrictions passed," Lin said.
Lin said whether restrictions on power consumption are imposed in the future depends largely on the weather.
"The weather can change rapidly in the spring ... so from now until Friday, when the maintenance on the First Nuclear Power Plant should be completed, will be the nervous period in terms of the nation's power supply," Lin said.
Minister of Economic Affairs Lin Hsin-yi (
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
HSBC Holdings PLC is deepening its commitment to Taiwan as the economy emerges as one of the bank’s fastest-growing markets globally, driven by an artificial intelligence (AI) investment boom, expanding cross-border trade, and rising wealth creation. “The advantage that Taiwan has is a growth story linked to the semiconductor and broader AI industries, strong underlying corporate performance, and wealth creation,” said Surendra Rosha, HSBC’s co-chief executive for Asia and the Middle East, in an exclusive interview with the Taipei Times on June 2, during this year’s HSBC Taiwan Conference. That combination has helped HSBC cement its position as the most profitable international
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
Hon Hai Precision Industry Co (鴻海精密) yesterday said it would work with US chipmaker Intel Corp to jointly develop and deploy next-generation artificial intelligence (AI) infrastructure and intelligent computing platforms in a move to capture booming demand for AI computing systems. Hon Hai, also known as Foxconn Technology Group (富士康), said in a statement that the partnership would combine its global manufacturing scale, system integration expertise and AI data center deployment capabilities with Intel’s strengths in processor architecture, silicon technologies and software ecosystem. The companies said they plan to work on equipment used in AI data centers, including server racks powered by