Taipower’s contract

At least three local companies are competing for a natural gas supply contract worth 400 billion Taiwan dollars to be offered by the state-run Taiwan Power Co. (Taipower). All the interesting bidders have tendered their bids on Taipower’s Tatan Project, which is aiming to build a thermal power plant in northern Taoyuan county with 4000 MW of capacity. Among the three competitors is the state-run Chinese Petroleum Corp. The winner will be required to supply 1.68 million tonnes of liquefied natural gas for 25 years, beginning from 2009. Separately, Taipower is inviting Alstom, Mitsubishi, Siemens and General Electrict to bid for the supply of the power plant’s equipment. With eight generators, the power plant is estimated to cost Taipower 80 billion Taiwan dollars.

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