CTCI announced that it has been awarded an approximately NT$19 billion (US$647 million) engineering, procurement, construction and commissioning (EPCC) contract to build a LNG regasification and receiving terminal for its compatriot Taipower-run Taichung power plant.
This would be the first LNG receiving terminal which proposed and to be owned by an operator other than the state-run CPC.
The Taiwanese engineering and construction services company “will carry out detailed design, procurement and supply of materials, construction and installment, pre-commissioning, commissioning, and one-year operation and maintenance service in this EPCC contract.”
The Taipower’s LNG imports project will ultimately have capacity of 6 MMT/Y [3 MMT/Y for the first phase], which is enough to meet the demand of gas-fired power generating units 1 & 2 at Taichung power plant, as well as units 4, 5 & 6 at Tunghsiao power plant.
CTCI has remarked that “Taiwanese government has set a goal to increase gas-fired power generation to 50% by 2025, as part of its commitment to achieving transition to clean energy” and the company “supports the government’s clean energy policy by proactively taking part in renewable energy sectors, such as solar, wind, and biomass.”
Taipower has said that it expects to start its first imports of LNG from 2023 and has signed two non-binding deals with Shell and Total to buy the super-chilled fuel.
According to the Global LNG Info’s LNG Contracts Database, the Taiwanese power company expects to convert the deals into binding LNG SPAs by the end of this year as the LNG will feed into Taipower’s planned gas-fired power plant at Taichung, where the first unit is expected to be ready by September 2023. “Taipower’s LNG imports are expected to grow from 0.15 MMT in 2023 to 3.6 MMT in 2032.”

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