Taiwan Power Company Reports Nearly 200 Billion Loss Last Year, Accumulated Loss of 382.6 Billion, Aiming for Balanced Financials

Reported 11 months ago

During the 2024 annual shareholder meeting, Taiwan Power Company addressed its recent years' challenges in the face of increasing international fuel prices, emphasizing its commitment to ensuring stable electricity supply, stabilizing prices, and supporting societal and industrial sectors. To tackle financial losses, they plan to seek a government subsidy of 100 billion NT dollars, strengthen financial operations, and aim to achieve a balance between income and expenses this year. The company also assured shareholders of a secure electricity supply for the upcoming months despite some decommissioning of units, with new ones coming online.

Source: YAHOO

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