Utility to recognize power plant losses following voteBy Angelica Oung / Staff reporterLosses associated with the Fourth Nuclear Power Plant would be recognized by Taiwan Power Co (Taipower, 台電) after a referendum next year, Minister of Economic Affairs Wang Mei-hua (王美花) said yesterday. The power plant in New Taipei City’s Gongliao District (貢寮) has been mothballed since 2015 amid construction controversies and protests from environmentalists. The Fourth Nuclear Power Plant is pictured in New Taipei City on July 1, 2015. “There will be a referendum in August on whether to activate the Fourth Nuclear Power Plant,” Wang told reporters at the Legislative Yuan in Taipei. “We expect to maximize the asset value of the Fourth Nuclear Power Plant, then we will have a basis to figure out how to accurately recognize it in our books,” Taipower said yesterday.

Source: Taipei Times December 28, 2020 15:56 UTC