Skip to main content

Taiwan Plans $564.5B Power Grid Upgrade

According to a report by Taiwan's Minister of Economic Affairs, Wang Meihua, submitted to the Legislative Yuan's Economic Committee, Taipower aims to complete ten key projects in three major areas within ten years. The total budget for these projects is estimated at TWD 564.5 billion ($20.1 billion), which includes TWD 376.1 billion ($13.3 billion) for ongoing projects and TWD 188.4 billion ($6.7 billion) for planned new projects. Taipower is currently formulating the "First Phase Special Project Plan for Strengthening the Power Grid."

Main FocusKey AreasNumber of SubprojectsEstimated Budget (TWD)Estimated Budget (USD)
Promoting Decentralized Power Grid Engineering563437.9 billion$15.5 billion
Promoting Reinforcement of Power Grid Engineering326125 billion$4.4 billion
Strengthening System Defense Capabilities2216.9 billion$0.6 billion

Wang Meihua stated that among the three major focuses of the overall plan, the projects with the largest budget allocation are those under the main axis of "Promoting Decentralized Power Grid Engineering." There are 63 subprojects within five key areas, requiring a budget of TWD 437.9 billion ($15.5 billion).

Six projects have been completed so far, and the remaining subprojects will be implemented in the short, medium, and long term. Seventeen projects are expected to be completed by June 2024, eighteen by the end of 2026, and the rest by 2032.

The second focus, "Promoting Reinforcement of Power Grid Engineering," includes three key areas with 26 subprojects, requiring a budget of TWD 125 billion ($4.4 billion).

Three projects have been completed, and the remaining 23 subprojects will be implemented in the short, medium, and long term. Eight projects are expected to be completed by June 2024, twelve by the end of 2026, and the remaining three by 2032.

The third focus, "Strengthening System Defense Capabilities," includes two key areas with two subprojects, requiring a budget of TWD 16.9 billion ($0.6 billion). These subprojects are expected to be completed by the end of 2026 and 2032, respectively.

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Two Telecom Companies Approved for Satellite Communication in Taiwan

The Taiwanese digital sector is buzzing with the latest news on low-orbit satellite operational permits. Recently, the Ministry of Digital Affairs announced the initial round of reviews for telecom companies that have applied for commercial satellite communication frequencies. After scrutiny, two companies, Lung Hua Electronics and Aerkomm, have successfully passed. Lung Hua Electronics has a self-built global satellite platform that intends to offer broadband communication services for fishing and merchant ships using Eutelsat synchronous orbit satellites. Meanwhile, Aerkomm, a subsidiary of American firm AERKOMM INC., aims to utilize O3b mid-orbit satellites to target the maritime, aviation, and fixed-site markets. To ensure a fair and objective review, the Ministry of Digital Affairs and the National Communications Commission established a "Satellite Fixed Communication Radio Frequency Review Committee." The committee invited experts and scholars from various fields, such ...
Post a Comment
Read more

SBIR Program Fuels Innovation in Taiwan: New Award Results and Impact

The Ministry of Economy's Small Business Innovation Research (SBIR) program recently released the latest award results, showcasing its continued commitment to fostering innovation and driving economic growth in Taiwan. With a focus on supporting small and medium-sized enterprises (SMEs), the SBIR program plays a crucial role in promoting sustainable development and building a thriving entrepreneurial ecosystem. One of the key highlights of the recent announcement is the allocation of a total of 9.75 million NT$ in grants, which will enable recipient companies to further their innovative research and development endeavors. These grants, provided by the SBIR program, serve as a catalyst for SMEs to enhance their capabilities, accumulate research talent, and contribute to the overall advancement of Taiwan's industries. The awarded projects span a diverse range of fields, including service innovation, information and communication technology, consumer products, and electronics. By ...
Post a Comment
Read more

Taiwan-U.S. 21st Century Trade Initiative Achieves Milestone with First Phase Accord

In an exciting development, the "Taiwan-U.S. 21st Century Trade Initiative" has taken a significant step forward with the successful passage of its first phase accord by Taiwan's Legislative Yuan. The momentous event occurred on July 26, 2023, marking a decisive milestone in the effort to forge a closer economic partnership between Taiwan and the United States. The groundbreaking agreement was formally signed on June 1, 2023, at the headquarters of the American Institute in Taiwan (AIT) in Washington, solidifying Taiwan's commitment to enhancing trade relations with the U.S. With this agreement, both nations seek to tap into new opportunities, bolstering their respective economies and industries. The trade initiative, the most comprehensive since the establishment of diplomatic relations in 1979, paves the way for further negotiations on seven key issues, including agriculture, environmental protection, and labor standards. Through these forthcoming talks, the aim is ...
Post a Comment
Read more