Ping Power Co News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bringing Taiwan to the World and the World to Taiwan

Taipei, June 14 (CNA) Taiwan's Supreme Administrative Court overruled previous rulings on Monday as it found nine local independent power producers (IPPs) to be guilty of engaging in concerted practices in a drawn-out fair trade case.

Nine local independent power producers were found guilty of concerted practices by the Supreme Administrative Court on Monday as it overruled previous rulings in a drawn-out fair-trade case. The court sided with the Fair Trade Commission, saying in its verdict that the joint action of the power firms — which account for 76 percent of state-owned Taiwan Power Co’s (Taipower, 台電) outsourced electricity — had prohibited normal market competition, disrupting supply and demand. The nine firms, which have provided electricity to Taipower since 1995 to help ensure stable supply, were jointl...

Molie Quantum Energy Corp (三元能源科技) is increasing its capital expenditure for a new advanced lithium battery plant in Kaohsiung by NT$6.65 billion (US$237.32 million) to reflect higher investment needs, the subsidiary of Taiwan Cement Corp (台灣水泥) said in a regulatory filing on Friday. Molie Quantum’s board of directors would raise its planned investment amount to NT$18.65 billion from the initially budgeted of NT$12 billion “due to rising costs and increased equipment purchases,” the filing said. The new battery factory in Siaogang District (小港) would have a capaci...