CTCI to Build LNG Import Plant in Taiwan
Taiwanese contractor CTCI Corp has reported winning an engineering, procurement and construction (EPC) contract worth NT$ 19bn (US$647mn) to build an LNG receiving and regasification facility.
The facility will serve the Taichung gas-fired power plant, where CTCI and partner General Electric have won a contract to add 2.6 GW of generation capacity. It will supply 720 mt/hour to Taichung and also the Tunghsiao power plant.
CTCI has worked on LNG infrastructure before. Earlier this year it secured a $623mn contract to build state-owned CPC's third LNG receiving terminal at the Guantang industrial area in Taoyuan.
Taiwan's government wants to boost the share of gas in the country's power mix to 50% by 2025, in order to lower its emissions. Oil is Taiwan's main fuel in power generation, followed by coal.