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Taipower chairman resigns

2012/05/05 22:08:22

Taipei, May 5 (CNA) The Ministry of Economic Affairs said late Saturday that it had received and approved the resignation of Edward Chen, chairman of the state-run Taiwan Power Co. (Taipower).

According to a statment issued by the ministry, the decision to approve Chen's resignation was part of efforts to push for reforms of the company.

Taipower's operations have recently come under heavy scrutiny and criticism about inefficiency after electricity rate hikes of up to 35 percent were announced in mid-April.

Asked about the reason behind Chen's resignation and if it is linked to the recent criticism, Economics Minister Shih Yen-shiang declined to comment.

(By Yang Shu-min and Kay Liu)