ELECTRICITY RESERVES:Major issues raised by potential investors are power and water supply limitations, and land and workforce shortages, the economic affairs minister said
Taipei Times
Date: Sep 20, 2017
By: Lauly Li / Staff reporter
The government aims to increase the nation’s electricity reserve margin from 7.5 percent to 15 percent by 2019, and up to 22 percent by 2025, as part of efforts to attract investment, the Ministry of Economic Affairs said yesterday.
“Taiwan Power Co (Taipower, 台電) has nine projects to increase electricity supply. We will ensure the state-run company finishes the projects on time to meet the government’s goal,” Minister of Economic Affairs Shen Jong-chin (沈榮津) told a media conference yesterday after a meeting with Premier William Lai (賴清德).
Shen briefed the ministry on the five main issues facing enterprises when investing in Taiwan, including constrained power and water supply, land and labor shortages, and a shortage of skilled workers.
“We need to work together to solve these issues to improve the nation’s investment environment and boost the economy,” Lai said before the briefing. [FULL STORY]