Premier Lai Ching-te on Monday took representatives of the Taipei-based Chinese National Association of Industry and Commerce on a tour of the Linkou Power Plant in northern Taiwan as part of an exchange forum with industry members. Aside from gaining insights into the nation's electricity generation facilities and power supply situation, industry members witnessed the government's dedication and hard work during the on-site tour, which will hopefully encourage continued investment in Taiwan to push the economy forward, the premier said.
Taiwan's nuclear-free homeland policy was not decided in haste but rather formed over decades of discussion, Premier Lai said. Phasing out nuclear power does not equate to an energy shortage, as nuclear power accounts for only 12 percent all energy generated in Taiwan and will be replaced with renewable resources.
The government's strategy for providing reliable power supplies includes energy diversification, smart conservation and high-tech energy storage. Operating reserves at the Taiwan Power Co. currently stand at about 6 percent and are expected rise to 10 percent to meet industry demands by late 2018 or early 2019, at which time the goal of a 15 percent reserve margin should also be met.