Taipower faces bankruptcy if Nuke 4 axed: Jiang
By Adam Tyrsett Kuo, The China PostTAIPEI, Taiwan -- Premier Jiang Yi-huah (江宜樺) said yesterday that if the Fourth Nuclear Power Plant is scrapped, Taiwan Power Company will face bankruptcy.
March 9, 2013, 12:09 am TWN
The NT$260 billion already invested in the project will be listed as part of Taipower's losses if the plant is scrapped, Jiang said, adding that combined with its NT$190 billion deficit, the firm will be over NT$400 billion in debt — the amount of which exceeds the firm's capital.
The Cabinet's position concerning the plant is to continue its construction, Jiang said, adding that he felt the Kuomintang's (KMT) proposed ballot question was well phrased.
The KMT recently unveiled its proposed ballot question as “do you agree to halt Fourth Nuclear Power Plant construction and prevent it from becoming operational?”
During an interpellation session at the Legislature, Jiang said that if a referendum were to be held today, he would vote “no” to halting the plant's construction.
Atomic Energy Council (AEC) Minister Tsai Chuen-horng (蔡春鴻) said that the KMT's ballot question comprises two components, which are “do you agree to halt construction?” and “do you agree to prevent operation?”
Tsai said that from a personal perspective and from the perspective of the AEC's minister, he does not think that the plant's construction should be halted; however, since the ballot question involves the plant's operation, if he were to vote “no,” he would be effectively agreeing to its operation.
As the plant's watchdog, “the AEC at present cannot agree to it's becoming operational,” said Tsai.