State-owned Taiwan Power Co., the country’s sole electricity supplier, has reported an unusually steep pre-tax loss of NT$2.06 billion for the first seven months of the year. (US$1=NT$33). It blamed the loss on rising fuel costs and damage caused by huge tropical storms that struck the country in July and this statement. In releasing the…
TAIWAN: High oil prices push Taiwan Power Co into the red while Chinese Petroleum has record profits
Posted on August 27, 2004 by EnergyAsia