Taiwan Power Co (Taipower, 台電) has purchased five new natural gas power generators from General Electric Co (GE) that would add 6.5 million kilowatts to Taiwan’s power capacity, a 16.2 percent boost, the state-run company said yesterday.
Three of the five units would be installed at the Sinda Power Plant in Kaohsiung, while two would be added to the Taichung Power Plant, Taipower said.
The combined cycle generators feature a gas turbine and a steam turbine to generate “up to 50 percent more electricity from the same fuel than a traditional simple-cycle plant,” the GE Web site said.
Photo: Wang Yi-sung, Taipei Times
A signing ceremony was held in Taipei yesterday, with the companies participating in the project represented by Taipower chairman Yang Wei-fuu (楊偉甫), GE Gas Power Asia Pacific president and CEO Ramesh Singaram and Michael Yang (楊宗興), chairman of CTCI Corp (中鼎工程), the construction partner in the projects.
“After attracting bids from manufacturers all over the world, we have chosen GE to supply our gas generator units because of their exceptional efficiency,” Yang Wei-fu said.
With costs totaling NT$100 billion (US$3.51 billion), “this is the largest natural gas generator purchase in the world in 2020,” Yang added.
“This purchase is in line with the government’s policy of increasing natural gas and decreasing coal consumption. It will also ensure future power stability while maintaining air quality,” he said.
Preparation for the installation of the units has begun at the Sinda Power Plant, with the first generator scheduled to produce electricity by 2024, with the two others at the plant projected to go online a year later, Taipower said.
However, the Taichung City Government has yet to grant permission for the two new units at the plant in the city, Yang Wei-fu said, calling on the city government to expedite the process.
“We need their help to ensure the stability of our future power supply,” he said.
The new gas-fired generators would allow the company to retire the aging No. 1 and No. 2 coal-fired generators at the Sinda Power Plant, Taipower manager Chang Ting-shu (張廷抒) said.
‘CLEANER THAN COAL’
“Comparatively speaking, natural gas is cleaner than coal,” Chang said. “We will be able to take out the oldest, dirtiest coal-burning plants while ensuring our power supply.”
There are no plans to retire coal-fired generators in Taichung, as the generators at the powerplant are newer, he said, adding that NT$9 billion has been spent to make the Taichung units “less polluting.”
“Hopefully, when the new Taichung units are up and running, we can reduce the use of the coal-fired plants, but we will keep them operational as peaker [peak-season] plants,” Chang said.
Installation of the Taichung units could be completed as early as 2024, pending approval.
“The ball is not in our court,” Chang said.
After several years flying high as Asia’s best Nvidia Corp proxy, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is increasingly vying with other artificial intelligence (AI) stocks for investor attention. Stock traders are chasing a wider array of beneficiaries as mainstream usage of AI creates demand for hardware beyond the most-advanced chips TSMC makes for Nvidia. Subthemes from the deepening memory crunch to advances in robotics are also luring bids. At the same time, investment caps on single stocks are pushing funds to diversify, while retail investors long familiar with TSMC through its US depositary receipts are being offered a broader set of
UNDER MICROSCOPE: Taiwan detained three people who allegedly conspired to buy servers in Taiwan and export them using fraudulent documentation, prosecutors said Nvidia Corp chief executive officer Jensen Huang (黃仁勳) on Saturday urged Super Micro Computer Inc to tighten up on compliance after Taiwan detained three people this week for allegedly making fraudulent declarations about artificial intelligence (AI) servers made by its US partner. The development marked the nation’s first crackdown on semiconductor smuggling, which grew after the US slapped restrictions on exports of high-end chips such as Nvidia AI accelerators to China. Nvidia is “rigorous” in explaining regulations to all of its partners, Huang told reporters after arriving in Taipei. “Ultimately Super Micro has to run their own company,” he said in response to
Netherlands-based semiconductor equipment supplier ASML Holding NV yesterday said that it is planning to hire an additional 1,000 people in Taiwan this year in response to growing demand from clients. ASML had previously planned to recruit 600 people this year, but that the plan has been adjusted upward, ASML vice president and ASML Taiwan general manager Grace Wang (汪佳慧) told reporters. ASML has a workforce of more than 4,500 in Taiwan, accounting for about 10 percent of its global total, Wang said. This year’s recruitment campaign would focus on adding people in the customer support, manufacturing and supply chain domains to assist ASML
TECH RELIANCE: Growth is increasingly reflecting an unequal K-shaped distribution, where technology sectors outperform and other industries struggle, an expert said Standard Chartered Bank has significantly raised its forecast for Taiwan’s economic growth to 9.5 percent this year, up from 7.6 percent previously, citing surging artificial intelligence (AI) demand driving exports, semiconductor production and investment. The upgrade reflects a sustained AI supercycle that continues to fuel demand for advanced chips and technology infrastructure, which form the backbone of Taiwan’s exports, the bank said in a report this week. “We raise our 2026 growth forecast to reflect a much stronger-than-expected first-quarter GDP figure,” Standard Chartered senior economist for greater China and Asia Tommy Wu (胡東安) said in the report. Driven largely by a 35.3 percent