Gov't Steps in To Support CPC Amid Mounting Global Energy Pressures

TaiwanPlus News

Taiwan’s economy minister has responded to recent scrutiny over the operational crisis facing state-owned energy supplier CPC, saying the government has stepped in to provide financial support. To sustain operations amid longstanding losses along with mounting pressure from the Iran war, CPC has requested an US$11 billion capital increase.

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00:00The government says it will continue to support the struggling state-owned energy supplier, CPC.

00:05The company faces mounting pressure from soaring global energy prices.

00:24It's already absorbed around 300 million U.S. dollars since the war in the Middle East began.

00:30To sustain operations, it has requested $11 billion U.S. dollars in extra capital.

00:55CPC aims to import Alaskan natural gas by around 2030.

01:00Alaskan natural gas by around 2030.

01:00It's called an industrial gas-size vid.

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