Taipower loses TWD 7.1 bln in H1

Taiwanese national power company Taipower lost $234.54 million in the first half of 2017.
By Staff reporter 17 July 2017 0 26791

Taiwanese national power company Taipower lost TWD 7.1 billion ($234.54 million) in the first half of 2017, pushing its accumulated losses above TWD 100 billion, according to Focus Taiwan.

Taipower posted large gains in 2016, with a surplus of TWD 39.6 billion, but was the only state company to post a loss in H1 2017.

Taipower has lost money because of a 9.56% cut in electricity prices that took effect in April 2016.

Maintenance at the company’s nuclear power plants has also forced it to buy...

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