Dedication to Circular Economy, Low-carbon Emission, and Energy Sustainability
Taiwan Cogeneration Corporation
INTRODUCTIONAs the first listed company in power industry in Taiwan, TCC is a responsible entity to its stakeholders, the government, the society and the environment. To support nation’s environmental policy, the three strategies that TCC attaches importance to include: adoption of circular economy, lowcarbon emission orientation, and development of renewable energy.
The Company has been dedicated to raising generation efficiency and lessening the impact to the environment. It has mainly focused on promoting cogeneration plants in the country and investing in relatively clean gas-fired power plants. Moreover, to meet the rising demand for clean energy across the globe nowadays, TCC is investing in power generation through zero-emission renewable energy at the present stage. While aiming at becoming a global energy and power company, the Company is committed to provide facilities which are energy saving, energy economising, and eco-friendly.
FRAMEWORK AND STRATEGYTo accomplish the goal of reducing environmental impact, TCC focuses on the following strategies:
Adoption of Circular Economy
Circular economy provides an effective way to make better use of resources and TCC’s Guantian Cogeneration Plant is putting circular economy into practice. To comply with government policy and achieve its commitment to environmental sustainability, Guantian Cogeneration Plant has been using CFB boiler since 1988 and increased the amount and mix of scrap tire strips as its feedstock year by year. Additionally, Guantian cooperates with other companies and research institutions to utilise fly ash and bottom ash as controlled low-strength materials (CLSM) that can be used in civil construction.
Low-carbon Emission Orientation
Being the only private company in Taiwan with experience in investing in and providing EPC and operation services for gas-fired combined cycle power plants, the power system utilising the cleanest fossil fuel, TCC further achieves its goal of reducing carbon emission.
Development of Renewable Energy
Due to the rising importance of renewable energy, TCC expands its business in this area through investment and providing construction and O&M services to the industry. TCC has ramped up, in the above-described manner, its endeavours in solar PV projects, wind farms, and geothermal power plants to help confront climate change in recent years.
ACHIEVEMENT AND IMPACTTCC has put forth efforts in environmental protections through the years. Over one third of waste tires in Taiwan are being recycled and burned by Guantian Cogeneration Plant for years. The recycled scrap tires reached 43,551 tons in 2018, breaking the usage record in company’s history. Apart from converting scrap tires into electricity, the ash from cogeneration plant is 100% reused. Through recycling and reusing used tires, dengue fever is also well prevented by reduction of containers, a known mosquito breeding habitat.
TCC has also invested in four gas-fired combined cycle power plants, representing 5.5% of total installed capacity in Taiwan. The average carbon emission of such plants has a lower carbon footprint than electricity carbon emission factor released by Bureau of Energy and the total reduction of CO2 emission is approximately 1.56 million tons in 2018. The Company is proactively investing in 28 MW PV projects and developing prospective geothermal projects. In addition, it is also contracted to provide maintenance service for 86 wind turbines and to construct the largest PV project—a 100 MW solar plant—in Taiwan.
FUTURE DIRECTIONAs announced by the Ministry of Economic Affairs, the government has formulated a low-carbon power generation policy with a target energy mix of 20% renewable energy, 50% gas-fired power and 30% coal-fired power. In response to this new energy policy, TCC intends to develop new IPP Plants with advanced high-efficiency gas-fired combined cycle power systems while the installed capacity for gas-fired power generation is expected to increase by 1,500 MW by 2025. Furthermore, to enhance its investment in renewable energy business, TCC plans to launch various projects in order to reach 200 MW in PV, 20.7 MW in onshore wind farms, and 14.2 MW in geothermal by 2025. In line with its mission, TCC will continue to use the state-of-the-art technologies to promote industrial development and protect the environment.
Taiwan Cogeneration Corporation (TCC) was founded in 1992 with a goal of assisting the power industry by providing cogeneration technology to enhance energy efficiency and increase power supply in Taiwan. Through its persistent endeavour, TCC has become a highly reputable and competitive power company.