The Ministry of Economic Affairs has ordered state-run Taiwan Power Co (Taipower, 台電) to build a new wastewater treatment facility for its coal-fired Taichung Power Plant in two years, Deputy Minister of Economic Affairs Tseng Wen-sheng (曾文生) said.
The plant is the largest single stationary source of air pollution in central Taiwan and has been found to have repeatedly discharged polluted wastewater.
The Taichung City Government last week fined the plant NT$20 million (US$648,130) for releasing polluted industrial wastewater and ordered it to submit a proposal to improve wastewater management within 30 days.
Taipower must submit such a plan to the city by the end of this month, Tseng said on Saturday last week.
In the meantime, the ministry asked Taipower to ensure stable power supply as the Taichung plant is a key supplier of electricity to the nation, especially during the hot summer months, he said.
The plant has suspended operation of its third and fourth generators, and cut the power generation of its first and second generators by 50 percent to meet the city’s wastewater standards and avoid fines.
However, faced with the need to maintain a stable supply of power during the peak summer demand period, Taipower wants to improve its wastewater treatment capacity in the short term to resume operation of the third and fourth generators at 25 percent capacity.
Taipower’s losses ballooned to nearly NT$17.3 billion in the first quarter of the year, from NT$12.5 billion in the same period last year, its financial statement released earlier this month showed.
The company attributed the losses to lower revenue and higher costs of oil, coal and gas, compared with a year earlier.
As summer electricity rates are to go into effect on June 1, Taipower said it expects higher revenue in the second quarter to help pare its losses.
Overall, the company’s accumulated losses totaled NT$121.6 billion as of March 31, the company said.
Leading Taiwanese bicycle brands Giant Manufacturing Co (巨大機械) and Merida Industry Co (美利達工業) on Sunday said that they have adopted measures to mitigate the impact of the tariff policies of US President Donald Trump’s administration. The US announced at the beginning of this month that it would impose a 20 percent tariff on imported goods made in Taiwan, effective on Thursday last week. The tariff would be added to other pre-existing most-favored-nation duties and industry-specific trade remedy levy, which would bring the overall tariff on Taiwan-made bicycles to between 25.5 percent and 31 percent. However, Giant did not seem too perturbed by the
Foxconn Technology Co (鴻準精密), a metal casing supplier owned by Hon Hai Precision Industry Co (鴻海精密), yesterday announced plans to invest US$1 billion in the US over the next decade as part of its business transformation strategy. The Apple Inc supplier said in a statement that its board approved the investment on Thursday, as part of a transformation strategy focused on precision mold development, smart manufacturing, robotics and advanced automation. The strategy would have a strong emphasis on artificial intelligence (AI), the company added. The company said it aims to build a flexible, intelligent production ecosystem to boost competitiveness and sustainability. Foxconn
TARIFF CONCERNS: Semiconductor suppliers are tempering expectations for the traditionally strong third quarter, citing US tariff uncertainty and a stronger NT dollar Several Taiwanese semiconductor suppliers are taking a cautious view of the third quarter — typically a peak season for the industry — citing uncertainty over US tariffs and the stronger New Taiwan dollar. Smartphone chip designer MediaTek Inc (聯發科技) said that customers accelerated orders in the first half of the year to avoid potential tariffs threatened by US President Donald Trump’s administration. As a result, it anticipates weaker-than-usual peak-season demand in the third quarter. The US tariff plan, announced on April 2, initially proposed a 32 percent duty on Taiwanese goods. Its implementation was postponed by 90 days to July 9, then
AI SERVER DEMAND: ‘Overall industry demand continues to outpace supply and we are expanding capacity to meet it,’ the company’s chief executive officer said Hon Hai Precision Industry Co (鴻海精密) yesterday reported that net profit last quarter rose 27 percent from the same quarter last year on the back of demand for cloud services and high-performance computing products. Net profit surged to NT$44.36 billion (US$1.48 billion) from NT$35.04 billion a year earlier. On a quarterly basis, net profit grew 5 percent from NT$42.1 billion. Earnings per share expanded to NT$3.19 from NT$2.53 a year earlier and NT$3.03 in the first quarter. However, a sharp appreciation of the New Taiwan dollar since early May has weighed on the company’s performance, Hon Hai chief financial officer David Huang (黃德才)