Minister of Economic Affairs Shen Jong-chin (沈榮津) yesterday left some leeway on the government’s policy to phase out nuclear power by 2025 following a meeting with seven of the nation’s biggest trade groups.
Industry representatives have voiced concerns about possible energy shortages and businesses’ ability to absorb anticipated energy price hikes that could arise from the government’s planned energy mix, which would rely heavily on natural gas to meet half of total consumption with another 20 percent to be furnished by the nascent renewable energy industry, while the share of coal-fired power generation would be reduced on an annual basis.
The government would take all factors into consideration, Shen said in response to General Chamber of Commerce (全國商業總會) chairman Lai Cheng-i’s (賴正鎰) suggestion that the government keep nuclear power generation in reserve.
The ministry last month said that legal and technical hurdles, and resistance from local governments, have all but made it impossible to activate the Fourth Nuclear Power Plant in New Taipei City’s Gongliao District (貢寮) or delay the scheduled decommissioning of other nuclear power plants.
“It is not that the government has ruled out nuclear power, but the obstacles are insurmountable,” Shen later said in a statement.
Lai also voiced concerns about possible geopolitical events that could disrupt Taiwan’s natural gas supply.
Chinese National Association of Industry and Commerce (工商協進會) chairman Lin Por-fong (林伯豐) expressed disappointment over the government’s inability to carry out last year’s referendum results to scrap the 2025 deadline to phase out nuclear power.
The government’s energy strategy would support local industries while maintaining a reserve power generation margin of 10 percent, Shen said, adding that energy prices would rise at a manageable rate in the absence of nuclear energy.
The government would expand pumped-storage hydroelectricity capacity to address the intermittent and unreliable nature of alternative energy sources, and build infrastructure to ensure that gas-fired power plants have stable fuel supplies, Shen said.
In related news, Taichung Mayor Lu Shiow-yen (盧秀燕) yesterday declined a request by the central government to delay the retirement of an old coal-fired unit at the Taichung Power Plant, and instead decided to keep up to two of its 10 units offline during months with peak air pollution.
The old unit must be permanently retired to achieve the city’s emissions reduction goals, Lu said, adding that the capacity shortfall can be made up by making adjustments at other coal-fired power plants in New Taipei City and Kaohsiung.
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
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
Alchip Technologies Ltd (世芯), an application-specific integrated circuit (ASIC) designer specializing in server chips, expects revenue to decline this year due to sagging demand for 5-nanometer artificial intelligence (AI) chips from a North America-based major customer, a company executive said yesterday. That would be the first contraction in revenue for Alchip as it has been enjoying strong revenue growth over the past few years, benefiting from cloud-service providers’ moves to reduce dependence on Nvidia Corp’s expensive AI chips by building their own AI accelerator by outsourcing chip design. The 5-nanometer chip was supposed to be a new growth engine as the lifecycle