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:

Comments

Post a Comment

Popular posts from this blog

Taiwan's AI Action Plan 2.0: Pioneering the Future of Artificial Intelligence

Taiwan, known for its technological advancements and innovation, embarked on a new chapter on April 7th, 2023, with the unveiling of its ambitious "Taiwan AI Action Plan 2.0 (2023-2026)". This comprehensive roadmap sets the stage for Taiwan's continued journey towards becoming a global AI powerhouse. Building upon the success of the previous "Taiwan AI Action Plan 1.0 (2018-2021)", this strategic initiative seeks to leverage the expertise of industry, academia, and research experts to unlock the full potential of AI in Taiwan. One of the key highlights of Taiwan AI Action Plan 2.0 is the establishment of an AI Development Advisory Committee comprising eminent professionals from various sectors. Together, they will spearhead efforts to enhance Taiwan's AI ecosystem, with the goal of surpassing a staggering NT$250 billion increase in software and hardware value. Furthermore, Taiwan aims to secure a spot among the top three global leaders in specific AI chip do...
Post a Comment
Read more

TSMC Reevaluates Site for Its New 1.4nm Factory in Taiwan Amid Controversies

Taiwan Semiconductor Manufacturing Co. (TSMC) has recently stirred up public attention as it reconsiders the location for its planned 1.4nm factory in Taiwan. Initially set to be established in the Longtan Phase 3 Science Park, TSMC announced that it is now exploring alternative sites. According to a press release from TSMC, internal assessments concluded that current conditions are not favorable for proceeding with the original location in Longtan Phase 3 Science Park. This decision immediately sparked widespread discussions and debates. Interestingly, government bodies associated with the Longtan Science Park, including the Taoyuan City Government, National Science Council, and Ministry of Economic Affairs, have all clarified their positions and disassociated themselves from the change in plans. None have made efforts to retain TSMC's initial project in Longtan. Conversely, local governments from Kaohsiung, Tainan, and Taichung swiftly expressed their interest in hosting TSMC...
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