The government plans to invest NT$234.3 billion (US$ 7.44 billion) in the state-owned Taiwan Power Company (Taipower). Taipower Spokesman Hsiao Jin-yi said Monday that the investment is meant to boost the company’s capacity for generating power.
Hsiao detailed the government’s plan during an interview, saying the investment will focus on renewable energy, the expansion of the Tatan natural gas power plant in Taoyuan, and on the rebooting of New Taipei City’s Shen-ao thermal power station.
Hsiao also said that Taipower has addressed the complaints of local residents prior to rebooting the thermal power station. The company has decreased the size of each power unit to minimize pollution. The reboot is scheduled for the year 2017.
Hsiao said there are also plans to develop Shen-ao’s thermal power station into a tourist attraction in the future.