CTCI Partners with Mitsubishi Power for Major Power Plant Project
CTCI, a leading engineering, procurement, and construction company, has announced a significant milestone in its operations. The company has successfully secured an NT$154.7 billion EPC tender in collaboration with Mitsubishi Power. This project involves building five new combined cycle generating units adjacent to the existing Tung Hsiao Power Plant for the state-owned Taiwan Power Company (Taipower). With an impressive installation capacity of 2,800 MW, this upgrade promises to address escalating industrial power demands and household electricity needs in the region.
Powering Taiwan's Future
Formally titled "Tung Hsiao Power Plant Phase 2 Renewal and Rebuilding Project: Procurement and Installation of Combined Cycle Generating Units and Plant Facilities," this initiative is crucial for Taipower in its quest to support Taiwan's energy transition policy. The integration of advanced combined cycle units is set to deliver the highest levels of power efficiency while simultaneously reducing greenhouse gas emissions by up to 60% compared to traditional coal-fired units. This transition represents a move toward greener technologies and a step closer to the nation’s net-zero goals.
Advanced Technology and Environmental Commitment
The project will employ state-of-the-art gas turbines capable of mixed combustion of hydrogen and natural gas, further minimizing GHG emissions. This advancement is a significant leap toward achieving purely hydrogen-fueled power generation, showcasing the commitment CTCI and Mitsubishi Power share in addressing climate change and reducing the carbon footprint of energy production.
CTCI's Leadership and Experience
Michael Yang, Chairman of CTCI Corporation, expressed gratitude for the trust placed in the company by Taipower. He highlighted the significance of this partnership, especially following their successful collaboration in building the Tung Hsiao Phase 1 Combined Cycle Power Plant. As a longstanding leader in Taiwan's EPC market, CTCI has broadened its horizons, extending its expertise overseas to regions such as Malaysia, Vietnam, and Thailand, thereby reinforcing its commitment to providing reliable services to meet power stability goals.
CTCI's Diverse Capabilities
CTCI has established itself as a prominent EPC services provider in the power sector, backed by a robust track record across various types of power plants, including thermal, nuclear, and cogeneration facilities. The company is actively involved in renewable energy initiatives, contributing to the construction of solar, biomass, and wind energy infrastructures. This broad spectrum of services empowers CTCI's clients to achieve diverse energy objectives while ensuring a consistent and reliable power supply.
Sustainability at the Core
The company remains steadfast in its commitment to green engineering projects that harmonize corporate profitability with environmental protection. By partnering with global allies, CTCI aims to bring its ESG vision to fruition, operating as a "Guardian of Sustainable Earth." This mission underscores the company's dedication to influencing the industry positively and promoting a low-carbon supply chain that benefits both business operations and the planet.
About CTCI
CTCI (TWSE: 9933, TPEx: 5209, TPEx: 6803) is a global engineering services provider, recognized for its extensive range of services, products, and solutions since 1979. The company is dedicated to delivering world-class engineering, procurement, construction, commissioning, operation, maintenance, and project management services. Headquartered in Taipei, Taiwan, CTCI operates in various markets including environmental, refinery, petrochemicals, power, transportation, industrial, advanced technology facilities, and LNG receiving terminals.
With a workforce of about 8,000 professionals across approximately 50 operational bases in over 10 countries, CTCI remains committed to its sustainability goals, striving to contribute to global sustainability through innovative green engineering solutions.
Frequently Asked Questions
What is the main focus of CTCI's new project?
The project aims to upgrade the Tung Hsiao Power Plant by building five advanced combined cycle generating units to meet increasing power demands sustainably.
How does the project benefit the environment?
The combined cycle units will reduce greenhouse gas emissions by 60% compared to coal-fired units and will also allow for mixed combustion of hydrogen and natural gas.
What is CTCI's role in the project?
CTCI leads the EPC efforts in collaboration with Mitsubishi Power, utilizing their extensive experience in the power sector to ensure project success.
What are CTCI's goals for the future?
CTCI aims to continue expanding its operations internationally while remaining dedicated to sustainable practices and contributing to the global energy transition.
How does this project contribute to Taiwan's energy policy?
This initiative supports Taiwan's energy transition policies by increasing power generation capacity and promoting cleaner, more efficient energy solutions.
