Taipower to issue bondsBy Angelica Oung / Staff reporterTaiwan Power Co (Taipower, 台電) yesterday announced a plan to issue NT$17.65 billion (US$623.6 million) of unsecured corporate bonds next month, as the state-run utility aims to raise funds to build new liquefied natural gas (LNG) generators at the Taichung Power Plant, a combined-cycle LNG generator project in Taoyuan’s Datan Power Plant, the 7th Transmission and Substation Project as well as other investments. The debt would comprise NT$3.4 billion of five-year bonds with a yield of 0.45 percent, NT$10.55 billion of seven-year bonds with a yield of 0.55 percent and NT$3.7 billion of 10-year bonds with a yield of 0.62 percent, Taipower said in a statement. The entrance to Taiwan Power Co headquarters is pictured in Taipei on June 7, 2018. Photo: Lin Jing-hua, Taipei TimesThe power generation projects would increase the diversity and strength of Taiwan’s power supply, Taipower said. Inaugurated on Saturday, the transmission line, which spans 105 towers across 40km, is running at full capacity, Taipower said, adding that it would help stabilize the electricity supply in northern Taiwan.

Source: Taipei Times March 08, 2021 15:56 UTC