CTCI Corporation announced that it has been awarded an approximately NT$19 billion (US$647 million) engineering, procurement, construction and commissioning (EPCC) contract to build a regasification facility of liquefied natural gas (LNG) Receiving Terminal for Taichung Power Plant, owned by Taiwan Power Company (Taipower).
This is the first LNG receiving terminal and regasification facility owned by Taipower other than CPC Corporation (CPC). Taiwanese government has set a goal to increase gas-fired power generation to 50% by 2025, as part of its commitment to achieving transition to clean energy. This project will ensure a stable natural gas supply with 720 tons per hour, which is enough to meet the demand of gas-fired power generating units 1 & 2 at Taichung Power Plant, as well as units 4, 5 & 6 at Tunghsiao Power Plant.
CTCI Corporation will carry out detailed design, procurement and supply of materials, construction and installment, pre-commissioning, commissioning, and one-year operation and maintenance service in this EPCC contract.
This award demonstrates huge success for CTCI in domestic LNG receiving terminal projects, as earlier this year CTCI Corporation was awarded an approximately NT$18.3 billion (US$623 million) EPCC contract to build CPC’s Third LNG Receiving Terminal at Guantang Industrial Area, Taoyuan.
CTCI Corporation has been working with CPC on LNG receiving terminal projects since 1984, later extending its experiences to Mainland China, India, and Thailand markets.
In terms of strong and proven track records for EPC works in Taiwan and the international market, CTCI is a reliable and preferred partner for power, hydrocarbon, and LNG EPC projects. It supports Taiwanese government’s clean energy policy by proactively taking part in renewable energy sectors, such as solar, wind, and biomass.
Source: CTCI Corporation
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