23 Jan 2002 – The Taiwanese government has relaxed its rules to allow foreign investors to have a 100 per cent ownership of local power plants in line with the country’s entry into the World Trade Organization (WTO).
The Energy Commission under the Ministry of Economic Affairs (MOEA) said the government has decided to lift a 50 per cent cap on foreign investment in local power plants, in compliance with WTO regulations. It added that the Executive Yuan has
agreed to allow the MOEA to screen applications from foreign investors.
The energy commission said that the move would increase overseas investment in Taiwanese power projects and was a further step in the process of domestic market liberalization
Nearly all of the privately run power plants in Taiwan have a 50 per cent foreign ownership, such as the Changsheng power plant, with 49.3 per cent foreign investment, the Hoping power plant with 40 per cent and the Kuokuang power plant with 35.9 per cent.