Taiwan Power Company
 |
|
| 96.92% government, 3.08% public | |
| Industry | Electric power |
| Founded | 1 May 1946 |
| Headquarters | Taipei City, Taiwan |
|
Area served
|
Taiwan, Penghu, Kinmen, Lienchiang |
|
Key people
|
Chu Wen-chen (Chairman) Chu Wen-chen (President) Chen Pu-tsan (Vice President) |
| Revenue | NT$ 547,164 million (2012) |
| Total assets | NT$ 1,624,314 million (2012) |
| Total equity | NT$ 282,642 million (2012) |
|
Number of employees
|
27,261 (2012) |
| Parent | Ministry of Economic Affairs |
| Website | taipower.com.tw |
The Taiwan Power Company (Taipower; Chinese: 台灣電力公司; pinyin: Táiwān Diànlì Gōngsī) is a state-owned electric utility providing electricity to Taiwan and off-shore islands.
Taipower was established on 1 May 1946. In 1994 a measure which allowed independent power producers (IPP's) to provide up to 20 percent of Taiwan's electricity should have ended the monopoly. On 1 October 2012, Taipower allied with Taiwan Water Corporation to provide cross-agency integrated services called Water and Power Associated Service that accepts summary transactions between the two utilities. On 11 October 2012, the Economics Committee of the Legislative Yuan cut Taipower's budget for power purchases from IPP.
In July 2015, the Executive Yuan approved the amendments to the Electricity Act which were proposed by the Ministry of Economic Affairs, which will divide Taipower into two separate business groups in the next 5 to 9 years: a power generation company and a power grid company. The measures were taken to improve efficiency within the company and to encourage positive competition within the industry.
On 20 October 2016, the Executive Yuan passed an amendments to the Electricity Act in which Taipower will be divided into subsidiary companies in 6-9 years.
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Wikipedia