Taipower held its 2026 Annual General Meeting today (June 26), explaining to shareholders that last year the Company benefited from the stabilization of international fuel prices along with various initiatives to strengthen financial operations; as a result, the Company's pre-tax net profit reached NT$75.6 billion, ending 3 consecutive years of losses. However, the Company still has accumulated losses of over NT$350 billion. A Taipower representative expressed that tensions in the Middle East, have caused fuel prices to skyrocket yet again. Taipower will continue to closely monitor the situation and carefully adapt, while taking measures to strengthen financial and operational performance, seeking government support, and exploring banks' credit policies for resources to improve its finances.
Taipower's 2026 Annual General Meeting took place today, chaired by Taipower Chairman Tseng Wen-Sheng, with President Kuo Tien-He presenting the 2025 business report to shareholders. The agenda also included announcements regarding last year's corporate bond issuance and approval of last year's financial report, business report, and the allocation of funds to cover losses.
A Taipower representative explained that last year, as international fuel prices stabilized, Taipower expanded its income and reduced expenditures through various measures, including adjustment of electricity prices, continued enhancement of fuel procurement and management, activation of real estate assets, and equity investments in other enterprises. Last year, Taipower's total revenue was NT$972.6 billion, while expenditures reached NT$897 billion. The pre-tax net profit was NT$75.6 billion, and after deducting income tax, the post-tax profit amounted to NT$74.6 billion. As of the end of last year, the accumulated losses totaled NT$351.1 billion.
A Taipower representative pointed out that between January and April of this year, the Company's losses amounted to NT$9 billion, a reduction of 70% or NT$22.5 billion compared to the same period last year. However, due to geopolitical impacts such as the conflict in the Middle East, international fuel prices are once again increasing. CPC Corporation raised natural gas prices for the power sector in both April and May, leading to an increase in Taipower's fuel costs for power generation. Taipower will closely monitor fuel price fluctuations and simultaneously move forward with fuel procurement strategies. The Company aims to strengthen its financial structure by increasing income while reducing expenditures, and will strive to minimize losses while continue to seek resources to improve its financial situation.
Regarding this year's power supply situation, Taipower is actively promoting the construction of gas-fired units. Four planned new units (totaling 5.2 million kilowatts) will be gradually brought online. Among them, the new Unit 1 of the Taichung Power Plant has entered the full-load testing stage; the new Unit 2 of the Taichung Power Plant and the new Unit 3 of the Hsinta Power Plant have also successively begun grid connection tests, for a combined installation capacity of 3.9 million kilowatts, which will be integrated into the electricity supply this summer. The new Unit 2 of the Hsinta Power Plant will join the power supply array before the end of this year. These new units will be paired with pumped-storage hydropower, energy storage systems, demand-side management, and other diverse dispatch methods to ensure that there are no power supply concerns, thereby supporting the people of Taiwan in their everyday lives, industrial development, and urban competitiveness.
Spokesperson: Chief Administrator Huang Mei-Lien
Phone: (02) 2366-6271; 0922-696-383
E-mail:
[email protected]Contact Person: Secretary Office of the Board, Chief Secretary Cheng Shou-Fu
Phone: (02) 2366-6210; 0900-781-357
E-mail:
[email protected]