By Mirza Duran Taiwan’s CTCI Corporation has won an engineering, procurement, construction and commissioning contract to build a regasification facility as part of Taipower’s Taichung power plant.
Image: CTCI Corporation
The deal has a price tag of about $19 billion Taiwan dollars (US$647 million), CTCI said in a statement.
This is Taiwan’s first LNG receiving and regasification facility not owned by state-run CPC Corporation.
State-owned utility Taipower earlier said it planned to start its first imports of LNG from 2023.
Taiwanese government has set a goal to increase gas-fired power generation to 50% by 2025, as part of its commitment to achieving transition to clean energy.
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