Cho Jung-tai: My efforts are not enough to solve Taipower's financial difficulties
Premier Cho Jung-tai acknowledged Taipower's long-standing mission of stable power supply and energy transition, but admitted his efforts to resolve its financial woes are insufficient. Rising natural gas prices due to Middle East tensions have increased Taipower's burden, and the government plans to strengthen financial support. Multiple power plants and new gas units are expected to be completed by 2032, with a nuclear power unit restart plan also underway.
📋 Article Processing Timeline
- 📰 Published: April 15, 2026 at 17:25
- 🔍 Collected: April 15, 2026 at 17:31 (5 min after Published)
- 🤖 AI Analyzed: April 15, 2026 at 17:33 (1 min after Collected)
Central News Agency
(Central News Agency reporter Tseng Yun-ting, Taipei, 15th) Taipower Labor Union held its model worker commendation ceremony today. Premier Cho Jung-tai stated in his speech that Taipower has long borne the policy tasks of stable power supply and promoting energy transition, cooperating with the development of diverse green energy and technological energy storage technologies, while also ensuring sufficient power for people's livelihoods and industries. Recent Middle East conflicts have driven up natural gas prices, and Taipower continues to contribute under multiple pressures. The government must assist in improving its financial structure, but he also admitted that his efforts to solve Taipower's financial difficulties "are not enough."
The 115th May Day Labor Day Model Worker Commendation Ceremony of the Taiwan Power Labor Union was held today, with Premier Cho Jung-tai, Minister of Economic Affairs Kung Ming-hsin, and Minister of Labor Hung Shen-han invited to present awards.
Cho Jung-tai pointed out that Taipower has long borne the policy tasks of stable power supply and promoting energy transition, not only needing to develop diverse green energy and technological energy storage technologies, but also investing in research and development of hydropower and geothermal energy. At the same time, in the event of a disaster, it must quickly complete power restoration to ensure sufficient power for people's livelihoods and industries. He said that society has expectations for electricity price adjustments, and Taipower continues to contribute under multiple pressures. The government has an unshirkable responsibility and will assist in improving Taipower's financial situation.
Cho Jung-tai admitted that in solving Taipower's financial difficulties, "my efforts are not enough." In the past, multiple attempts to secure relevant budgets in the legislature failed to pass, only receiving partial resources from the special budget for resilience in response to international situations. He stated that he will continue to seek support in the future to enable Taipower to develop sustainably and maintain a sound financial structure.
Regarding recent international situations, Cho Jung-tai pointed out that tensions in the Middle East have pushed up international energy prices. Not only CPC, but Taipower has also absorbed a large amount of rising liquefied natural gas (LNG) costs. In the future, the government will continue to assist in sharing the burden and strengthen Taipower's operational resilience.
Regarding energy policy, Cho Jung-tai stated that multiple power plants and new gas units are expected to be completed by 2032. At the same time, the plan to restart nuclear power units has also been initiated, which will be carefully inspected under the premise of ensuring safety, so that the public and industries can have "one more option, one less concern" in the future, and will fully communicate with society to seek the highest national consensus.
Minister of Economic Affairs Kung Ming-hsin, in his speech, encouraged Taipower colleagues with "braving wind and rain to protect the power grid, working day and night to ensure people's livelihoods," describing Taipower employees as steadfast in their posts regardless of wind and rain, fully rushing to repair power supply. Whenever typhoons and heavy rains occur, when people evacuate the scene, Taipower colleagues must enter the disaster area at the first time to quickly restore power supply. Therefore, in his heart, all Taipower employees are model workers and also heroes of Taiwan. (Editor: Pan Yi-ching) 1150415
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(Central News Agency reporter Tseng Yun-ting, Taipei, 15th) Taipower Labor Union held its model worker commendation ceremony today. Premier Cho Jung-tai stated in his speech that Taipower has long borne the policy tasks of stable power supply and promoting energy transition, cooperating with the development of diverse green energy and technological energy storage technologies, while also ensuring sufficient power for people's livelihoods and industries. Recent Middle East conflicts have driven up natural gas prices, and Taipower continues to contribute under multiple pressures. The government must assist in improving its financial structure, but he also admitted that his efforts to solve Taipower's financial difficulties "are not enough."
The 115th May Day Labor Day Model Worker Commendation Ceremony of the Taiwan Power Labor Union was held today, with Premier Cho Jung-tai, Minister of Economic Affairs Kung Ming-hsin, and Minister of Labor Hung Shen-han invited to present awards.
Cho Jung-tai pointed out that Taipower has long borne the policy tasks of stable power supply and promoting energy transition, not only needing to develop diverse green energy and technological energy storage technologies, but also investing in research and development of hydropower and geothermal energy. At the same time, in the event of a disaster, it must quickly complete power restoration to ensure sufficient power for people's livelihoods and industries. He said that society has expectations for electricity price adjustments, and Taipower continues to contribute under multiple pressures. The government has an unshirkable responsibility and will assist in improving Taipower's financial situation.
Cho Jung-tai admitted that in solving Taipower's financial difficulties, "my efforts are not enough." In the past, multiple attempts to secure relevant budgets in the legislature failed to pass, only receiving partial resources from the special budget for resilience in response to international situations. He stated that he will continue to seek support in the future to enable Taipower to develop sustainably and maintain a sound financial structure.
Regarding recent international situations, Cho Jung-tai pointed out that tensions in the Middle East have pushed up international energy prices. Not only CPC, but Taipower has also absorbed a large amount of rising liquefied natural gas (LNG) costs. In the future, the government will continue to assist in sharing the burden and strengthen Taipower's operational resilience.
Regarding energy policy, Cho Jung-tai stated that multiple power plants and new gas units are expected to be completed by 2032. At the same time, the plan to restart nuclear power units has also been initiated, which will be carefully inspected under the premise of ensuring safety, so that the public and industries can have "one more option, one less concern" in the future, and will fully communicate with society to seek the highest national consensus.
Minister of Economic Affairs Kung Ming-hsin, in his speech, encouraged Taipower colleagues with "braving wind and rain to protect the power grid, working day and night to ensure people's livelihoods," describing Taipower employees as steadfast in their posts regardless of wind and rain, fully rushing to repair power supply. Whenever typhoons and heavy rains occur, when people evacuate the scene, Taipower colleagues must enter the disaster area at the first time to quickly restore power supply. Therefore, in his heart, all Taipower employees are model workers and also heroes of Taiwan. (Editor: Pan Yi-ching) 1150415
Stand with the facts, every sponsorship you make is a force to protect press freedom.
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The text, images, and audio-visual content of this website may not be reproduced, publicly broadcast, publicly transmitted, or utilized without authorization.