CTCI scores $647 million Taichung LNG terminal contract

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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.

According to

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