Taiwan Power Co (Taipower, 台電) yesterday said that it would reduce coal consumption at the Taichung Power Plant to 12.6 million tonnes by the end of this year, while aiming to provide a stable electricity supply for Taiwanese companies returning to invest in the country.
“We are currently setting the goal at 12.6 million tonnes [of coal] for the Taichung Power Plant this year, which is much lower than our original goal of 16 million tonnes last year,” Taipower spokesman Hsu Tsao-hua (徐造華) told reporters at a media luncheon.
Although the number is regarded as relatively easy to achieve, as the plant consumed 12.64 million tonnes of coal last year, Hsu said it could be a hard feat for the company as it seeks to increase electricity generation due to Taiwan’s increasingly hot summers.
Taipower would also need to accommodate growing electricity consumption from Taiwanese companies setting up production facilities nationwide, Taipower chairman Yang Wei-fuu (楊偉甫) said.
“We need to be fully prepared, as we expect power consumption to peak between next year and 2022 based on data from the Ministry of Economic Affairs’ Bureau of Energy,” Yang said, adding that the company would increase the proportion of electricity generated by natural gas.
Last month, the Taichung City Government revoked the operating licenses for two of the Taichung Power Plant’s coal-fired generators, after accusing it of contributing to the city’s poor air quality.
“The shutdown of two of our generators has led to a decline of 1.3 percent to 1.5 percent in our power reserve margin, which we seek to keep above 10 percent,” Yang said, adding that the company has applied to appeal the Taichung City Government’s decision.
Meanwhile, Yang said that increases in energy consumption would mainly come from semiconductor firms such as Taiwan Semiconductor Manufacturing Co (台積電).
The company would strive toward reaching the government’s goal of abolishing nuclear power by 2025 and increasing energy from renewable sources to 20 percent of all power generated, Yang said.
Renewable energy sources, including hydropower, solar power, biowaste, geothermal energy and offshore wind power, contributed to about 5.6 percent of the total power generated in Taiwan in the first 10 months of last year, Bureau of Energy data showed.
Elon Musk’s lieutenants have reached out to chip industry suppliers, including Applied Materials Inc, Tokyo Electron Ltd and Lam Research Corp, for his envisioned Terafab, early steps in an audacious and likely arduous attempt to break into the production of cutting-edge chips. Staff working for the joint venture between Tesla Inc and Space Exploration Technologies Corp (SpaceX) have sought price quotes and delivery times for an array of chipmaking gear, people familiar with the matter said. In past weeks, they’ve contacted makers of photomasks, substrates, etchers, depositors, cleaning devices, testers and other tools, according to the people, who asked not to
Taiwan is attracting a growing number of foreign jobseekers as companies increasingly recruit overseas talent to ease labor shortages and expand global reach, recruitment platform 104 Job Bank (104人力銀行) said yesterday. More than 40,000 foreign nationals searched for jobs in Taiwan through the platform last year, a 28 percent increase from a year earlier, the company said. Malaysians accounted for the largest share of overseas jobseekers at 12.2 percent, followed by Indonesians at 11.9 percent and Vietnamese at 10.8 percent. Indonesian applicants surged more than 50 percent year-on-year, while Vietnamese jobseekers rose by more than 30 percent. Applicants from the
NO SHORTCUTS: Asked about Elon Musk’s Terafab initiative, TSMC CEO C.C. Wei said it takes two to three years to build a fab and another one to two to ramp it up Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday raised its revenue growth forecast for this year to above 30 percent, up from the 25 percent it estimated three months earlier, citing extremely robust artificial intelligence (AI)-related chip demand. “Our customers and customers’ customers, who are mainly cloud service providers, continue to send us very positive signals and outlook,” TSMC chairman and CEO C.C. Wei (魏哲家) said at an earnings conference. The company also hiked its capital expenditure for this year toward the higher end of its forecast, or US$56 billion, as it aims to step up advanced chip capacity expansions, such as
The founder of Chinese property giant Evergrande Group (恆大集團) has pleaded guilty to charges of fraud and bribery, a court said yesterday, the latest blow for what was once the country’s leading developer. Evergrande’s rise was propelled by decades of rapid urbanization and rising living standards, but in 2020, its access to credit dramatically narrowed when the government introduced curbs on excessive borrowing and speculation. The company defaulted in 2021 after struggling to repay creditors. Founder Xu Jiayin (許家印), 67, known as Hui Ka Yan in Cantonese, was reportedly held by police in 2023, with Evergrande saying he had been subjected to