Taiwan Power Co (Taipower,
Huang Shou-ching (
Huang debunked the report, saying that GE has not yet produced data concerning its financial loss caused by the power plant construction hiatus nor has it presented a compensation claim.
Huang said he has no idea about the possible source of the newspaper report. "It's a surprise to me," he noted.
According to Huang, the earlier GE submits its financial loss report, the greater the benefit for all.
"After we receive GE's compensation claim, we'll conduct a comprehensive assessment with the assistance of relevant consulting firms and accounting experts as well as send staff members to GE for discussion," Huang explained, adding that if the two sides are far divided over the compensation amount, Taipower will not rule out the possibility of seeking commercial arbitration.
GE is the largest contractor for Taipower's fourth nuclear power plant, and its foreign contractors for the project also include Japan's Mitsubishi Co and Hitachi Co.
The paper also went on to say Taipower will send officials to the US in May in order to examine accounting records in the claim, since Taipower little experience in negotiating a large scale case, and room for negotiation seems very limited.
Meanwhile, since Ta Tung Construction (
Ta Tung was charged with building a special receiving dock in Kungliao (
Bowing to pressure from the opposition-controlled Legislative Yuan, the government announced its decision to resume construction on the controversial plant on Feb. 14.
"And Taipower informed the three foreign contractors of the decision the following day," Huang said, adding that Taipower also asked the three firms to present their financial loss reports for its reference.
However, Huang said, none of them have so far furnished Taipower with relevant data or made any compensation claims.
Huang said GE once told Taipower that its financial loss estimates require data from its 100-plus subcontractors. "I think that GE's delay in producing a financial loss report may be related to the large number of its subcontractors."
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