Taiwan Cement to Build Solar Power Plant in Taiwan

Taipei, Oct. 15, 2010 (CENS)--Taiwan Cement Corp. will lease land from Taiwan Sugar Company to build a solar power plant by adopting locally-made solar panels. The proposed solar power plant, costing tens of billion NT dollars, will be the largest of its kind in Taiwan.

Taiwan Cement will build the solar power plant with capacity of 100 megawatts in Pingtung County, southern Taiwan, with the main investors being Taiwan Cement's subsidiary—Hoping Power Plant in Hualien County of eastern Taiwan.

Leslie Koo, chairman of Taiwan Cement, says green energy will be one of Taiwan Cement's crucial investment projects in the next five years.

With Taiwan being the world's largest producer of solar panels, Koo says few locally-made panels are used in Taiwan's solar power plants; so he will use all locally-made panels for the proposed solar power plant to support the domestic industry.

Seeing the promising prospects of the new-energy industry, Taiwan Cement is also developing and producing high-safety, high-capacity lithium-ion batteries through its subsidiary—E-One Moli Energy Corp.—using the Molicel brand. E-One Moli has begun supplying lithium-ion batteries for the BMW Mini E and Yulon Luxgen7 MPV electric vehicles.