Washington, June 11 (CNA) Taiwan Power Co. (Taipower) has signed an agreement to purchase two natural gas turbines worth NT$37.5 billion (about US$1.2 billion) with American company General Electric Co. (GE).
Taipower Chairman Yang Wei-fuu (楊偉甫) and GE Gas Power Chairman John Rice signed the agreement during a ceremony in Washington on Tuesday witnessed by U.S. Senator Lindsey Graham and other political figures.
Under the agreement, Taipower will purchase two of GE's highly efficient H-class turbines worth NT$37.5 billion for the No. 8 and No. 9 generator units of the gas-fired Tatan Power Plant in Taoyuan.
Yang told CNA that the two gas turbines with capacities of 1,100 megawatts are expected to be put into service in 2021 and 2023, respectively.
Pushing an energy transition is one of the top priorities of Taiwan's government and involves adding natural gas-fired capacity and building solar power and offshore wind power facilities, Yang said.
Some American companies have joined in that effort, and Taipower hopes to cooperate with more U.S. companies in the future, Yang said.
Graham said the inking of the agreement is expected to help the U.S. and Taiwan expand their economic and military relationship. He also lauded Taiwan's democracy and called Taiwan an excellent trade partner and military ally.
U.S. Senator Tim Scott from South Carolina, Brent Christensen, director of the Taipei office of the American Institute in Taiwan (AIT), Taiwan Minister without Portfolio John Deng (鄧振中) and the country's representative to the U.S. Stanley Kao (高碩泰) also attended the signing ceremony.