Reported 8 months ago
At the 2024 shareholder meeting of Taiwan Power Company, chairman Ceng Wen-sheng promised to strive for breakeven. Despite the company's efforts towards ESG and carbon reduction, they have accumulated significant losses due to policy restrictions on raising electricity rates, totaling 3.826 trillion NT dollars by 113th year. The company aims to raise additional capital through private placement to invest in power development and stability in order to reach breakeven this year, facilitating continued investment in power infrastructure and ensuring stable electricity supply. Various measures are being taken to address the financial losses and enhance operational performance.
Source: YAHOO