CTCI Partners with Mitsubishi Power for Major Power Plant Upgrade

CTCI Secures Major Contract with Mitsubishi Power

Taiwan's distinguished engineering, procurement, and construction group, CTCI, is making waves in the energy sector with its latest achievement – winning an impressive NT$154.7 billion EPC tender. This project, awarded in collaboration with Mitsubishi Power Ltd., involves the construction of five advanced combined cycle generating units, strategically located next to the existing Tung Hsiao Power Plant.

Significance of the Project

With a staggering installation capacity of 2,800 MW, this upgrade is integral to meeting the rising industrial power demands from nearby facilities such as the Hsinchu Science Park and Taichung Science Park. It aims not only to support industrial operations but also to cater to household energy requirements, while playing a pivotal role in achieving Taiwan's ambitious net zero carbon target. This project marks a historic moment for CTCI, setting a new record for the company.

Details of the Upgrade

This ambitious initiative, formally identified as the "Tung Hsiao Power Plant Phase 2 Renewal and Rebuilding Project," is part of Taipower's strategy in line with the government's energy transition policy. Notably, these combined cycle units boast the highest power efficiency globally and promise a remarkable reduction of greenhouse gas emissions by around 60% compared to traditional coal-fired plants. This aligns CTCI with contemporary environmental goals by facilitating the mixed combustion of hydrogen and natural gas to further lessen emissions.

Insights from Leadership

Michael Yang, the Chairman of CTCI Corporation, expressed gratitude for the trust bestowed upon them by Taipower. He emphasized the ongoing collaboration with Mitsubishi Power, originating from a successful project back in 2013 for the first phase of the Tung Hsiao Combined Cycle Power Plant. Yang underlined CTCI's longstanding commitment to advancing Taiwan's energy market, with aspirations to extend its influence globally into regions like Malaysia, Vietnam, and Thailand, reinforcing its standing as a leader in the EPC sector.

CTCI's Role in Renewable Energy

CTCI is not a newcomer to the power industry. The company has established itself as a reliable EPC service provider with a diverse portfolio that includes combined cycle, thermal, nuclear, and cogeneration projects. In recent years, CTCI has been increasingly involved in renewable energy sectors, contributing to the construction and assembly of solar, wind, and biomass infrastructures. This commitment to diversifying energy sources is crucial in helping clients meet their varied energy goals while ensuring a stable power supply.

Commitment to Sustainable Energy

In line with its core philosophy, CTCI emphasizes green engineering practices that harmonize corporate profitability with environmental stewardship. This approach reflects their dedication to their ESG vision, positioning CTCI as a "Guardian of Sustainable Earth." This vision includes striving for a low-carbon supply chain and expanding collaborations with global partners for sustainable development.

About CTCI

Established in 1979, CTCI (TWSE: 9933, TPEx: 5209, TPEx: 6803) has cultivated a reputation as a global engineering leader, offering a comprehensive array of services spanning engineering, procurement, construction, commissioning, operation, maintenance, and project management. With headquarters in Taipei, CTCI employs around 8,000 professionals across approximately 50 operational bases in more than 10 countries. The company actively participates in sectors such as environmental management, refining, petrochemicals, transportation, and advanced technology facilities, steadily aiming to exceed expectations in engineering reliability.

Frequently Asked Questions

What is the main focus of the CTCI and Mitsubishi Power project?

The project centers on constructing five new combined cycle generating units to enhance power generation efficiency and support Taiwan's energy demands.

What is the significance of this contract for CTCI?

This contract breaks CTCI's previous records and reaffirms their leadership in the EPC sector while also enhancing their reputation internationally.

How does this upgrade contribute to environmental goals?

The upgrade significantly reduces greenhouse gas emissions and facilitates the transition to cleaner energy sources, aligning with Taiwan's net zero targets.

What experience does CTCI bring to this project?

CTCI has extensive experience in various power plant constructions, including combined cycle and renewable energy projects, ensuring reliability and efficiency.

How does CTCI’s commitment to sustainability reflect in their projects?

CTCI incorporates green engineering practices to balance environmental concerns with business objectives, demonstrating their dedication to sustainable development.

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