Monday, 19 Sep 2011
CAN reported that state owned electricity provider Taiwan Power Company invested NTD 6.3 billion to expand its coal carrier ships fleet in an effort to save costs in transporting coal.
Besides its Dian Chang No 1 and 2 ships currently in service, Taipower purchased four more vessels this year. Among them, three ships have started operation while the fourth will be handed over from the shipbuilder next month.
According to Taipower, the six ship fleet can transport 8 million tonnes of coal per year. This cuts down the costs of shipping and raises the amount of coal transported in house from 10% of Taipower total coal imports to 30%.
Mr Hsu Chen-hu an official with the company said the expansion will not only lower transportation costs but help stabilize the domestic coal supply. He said that coal-fired power plants account for 40% of the power supply in Taiwan. Coal demand is expected to rise when the company remodels its Linkou and Dalin power plants.
Taipower is confident in this investment. Mr Hsu said the firm invested some NTD 2.8 billion in the first two ships in 2001 and the cost was recovered within five years.
He added that according to the figures from last year, Dian Chang No 1 and 2 saved the company NTD 5.5 billion compared with renting ships.
By 2018, Taipower expects domestic demand for coal to grow from 27 million tonnes this year to 30 million tonnes. The number will increase to 40 million tonnes by 2022.
(Sourced from CAN)
CAN reported that state owned electricity provider Taiwan Power Company invested NTD 6.3 billion to expand its coal carrier ships fleet in an effort to save costs in transporting coal.
Besides its Dian Chang No 1 and 2 ships currently in service, Taipower purchased four more vessels this year. Among them, three ships have started operation while the fourth will be handed over from the shipbuilder next month.
According to Taipower, the six ship fleet can transport 8 million tonnes of coal per year. This cuts down the costs of shipping and raises the amount of coal transported in house from 10% of Taipower total coal imports to 30%.
Mr Hsu Chen-hu an official with the company said the expansion will not only lower transportation costs but help stabilize the domestic coal supply. He said that coal-fired power plants account for 40% of the power supply in Taiwan. Coal demand is expected to rise when the company remodels its Linkou and Dalin power plants.
Taipower is confident in this investment. Mr Hsu said the firm invested some NTD 2.8 billion in the first two ships in 2001 and the cost was recovered within five years.
He added that according to the figures from last year, Dian Chang No 1 and 2 saved the company NTD 5.5 billion compared with renting ships.
By 2018, Taipower expects domestic demand for coal to grow from 27 million tonnes this year to 30 million tonnes. The number will increase to 40 million tonnes by 2022.
(Sourced from CAN)
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