Power

Taiwan president to scrutinise electricity management

Taiwan President Tsai Ing-wen pledged to look into the tech powerhouseโ€™s electricity management after two major blackouts hit homes and businesses in less than a week, triggering criticism of the governmentโ€™s power policy. Taiwan, which hosts major chip makers such as Taiwan Semiconductor Manufacturing Co, imposed power cuts on Monday evening following a spike in demand amid a heatwave and drought and failure at a power plant, in the second such outage in a week.

In a live broadcast online, Tsai offered her apology for the two outages and promised to re-examine the islandโ€™s power management amid heated debate over the electricity policy.

โ€œTwo such incidents in one week is not only hard for citizens to accept, it is also hard for me to accept,โ€ Tsai said, adding extreme weather and a booming economy had posed a great challenge to electricity management. Tsai said she had instructed the economy ministry and state-run electricity provider Taipower to re-examine their management planning. She did not elaborate.

Taiwanโ€™s economy grew 8.16% in the first quarter, its fastest in more than a decade, as the work from home boom because of the novel coronavirus pandemic sparked strong global demand for the islandโ€™s hi-tech exports. The boom, which saw chip firms as well as petrochemicals expanding production, comes as Taiwan is grappling with its worst drought in more than half a century.

Taipower said on Monday the drought meant electricity generated by hydropower plants was insufficient to meet the unexpected demand during a heatwave on Monday, a record high for May. Taiwanโ€™s main opposition party, the Kuomintang, has said the outages showed the governmentโ€™s power policy was inadequate and called for Economy Minister Wang Mei-hua to step down.

Tsaiโ€™s government wants to phase out nuclear power and has set a target to generate 20% of the islandโ€™s electricity from renewables by 2025, up from just 5.4% last year.

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