Chugoku Electric Power (EnerGia, Headquarters: Hiroshima City, Hiroshima Pref.) and Chudenko Corporation (Headquarters: Hiroshima City, Hiroshima Pref.), EnerGia’s subsidiary that provides power facilities construction services, announced on March 9, 2021 that they have jointly acquired a 25 percent share of Feng Ping Power through their investment company, C&C Investment. Feng Ping Power is a Taiwanese independent power producer (IPP) that has been constructing the Feng Ping Xi hydropower station in Hualien County, Taiwan.
It is the second time EnerGia and Chudenko have jointly invested in an overseas IPP, and the first time for both firms to invest in an overseas hydroelectric power project[1]. The Feng Ping Xi hydropower station is scheduled to begin commercial operations in 2024 and its output is expected to 37.1MW. Taiwan Power (Headquarters: Taipei, Taiwan), a state-owned utility, will be a purchaser of the station’s power. The EnerGia Group will continue its efforts to advance the development of technologies that contribute towards carbon neutrality. [2]
[1] Meanwhile, this is the eight case for EnerGia to invest oversea power generation projects.