The Cingshuei Geothermal Power Plant, the first privately built geothermal plant in Taiwan, is set to obtain a commercial license by the end of this month.
The 4.2 megawatt (MW) plant in Yilan County would generate enough electricity to power 10,000 households and has potential for expansion to further utilize the area’s geothermal resources.
Yilan has long been recognized as having the greatest potential for geothermal energy generation in Taiwan, with hot springs in the area bubbling so hot that tourists boil eggs in them.
Photo courtesy of Yilan County Government via CNA
State-run Taiwan Power Co (台電) has since the 1980s sponsored a 3MW plant in Cingshuei, but the project ran into trouble due to corrosion and silt blockage, and was eventually abandoned.
The current project, developed by Fabulous Power Co (結元能源開發), imported equipment from Nevada-based Ormat Technologies Inc.
The plant extracts water with temperatures of up to 180°C from 1,200m to 2,100m underground and runs it through a heat exchanger to generate electricity, before pumping it back into the ground again.
“The plant takes the heat, but not the water,” the Yilan County Government said in a press release.
Fabulous Power won the right to use the land occupied by the failed pilot plant in 2017, the county government said.
Fabulous Power president Lin Bo-hsiu (林伯修) last month told the Chinese-language Business Today magazine that he never gave up hope.
“People told me the energy just wasn’t there, but for eight years I went from well to well, and I studied different methods and different equipment,” Lin said.
Lin said that the 4.2MW generation capacity is just the beginning.
He estimated there was 30MW to 60MW of power generation potential in the Chingshuei area alone.
Reliable geothermal energy could be a perfect complement to other alternative energy sources such as solar and wind, which generate power only intermittently, he said.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
BIG BUCKS: Chairman Wei is expected to receive NT$34.12 million on a proposed NT$5 cash dividend plan, while the National Development Fund would get NT$8.27 billion Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, yesterday announced that its board of directors approved US$15.25 billion in capital appropriations for long-term expansion to meet growing demand. The funds are to be used for installing advanced technology and packaging capacity, expanding mature and specialty technology, and constructing fabs with facility systems, TSMC said in a statement. The board also approved a proposal to distribute a NT$5 cash dividend per share, based on first-quarter earnings per share of NT$13.94, it said. That surpasses the NT$4.50 dividend for the fourth quarter of last year. TSMC has said that while it is eager
‘IMMENSE SWAY’: The top 50 companies, based on market cap, shape everything from technology to consumer trends, advisory firm Visual Capitalist said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) was ranked the 10th-most valuable company globally this year, market information advisory firm Visual Capitalist said. TSMC sat on a market cap of about US$915 billion as of Monday last week, making it the 10th-most valuable company in the world and No. 1 in Asia, the publisher said in its “50 Most Valuable Companies in the World” list. Visual Capitalist described TSMC as the world’s largest dedicated semiconductor foundry operator that rolls out chips for major tech names such as US consumer electronics brand Apple Inc, and artificial intelligence (AI) chip designers Nvidia Corp and Advanced