Reported 8 months ago
The state-run Taiwan Power Company suffered losses of 9.2 billion NTD due to contractual errors in purchasing electricity from 9 private power plants, leading to unsuccessful legal battles seeking compensation. The company's long-term losses have relied on government budgets, with the Ministry of Economic Affairs urging self-sustainability for Taiwan Power Company. Despite the losses, the company continues to struggle financially and faces challenges in recovering any funds.
Source: YAHOO