In order to raise the required funds for the implementation of green energy and power development, the Taiwan Power Company announced today (7th) that it is scheduled to issue the third commonly unsecured corporate bond in 2021 at NT$12.7 billion in mid-November, of which the 7-year corporate bond of NT$6.4 billion has been approved in eligibility for green bonds by the Taipei Exchange, and will be used for the green investment program of “development of renewable energy and energy technology”.
TPC commented that the company has accumulated a total of NT$35.45 billion in green bonds, excluding this time, since the government started implementing the particular measure from 2017. TPC issues the largest amount of green bonds in the island, with the total issue size exceeding NT$40 billion when the issue quantity this time is included.
The funds raised by this round of green bonds will be invested on a total of 10 green investment programs, including the first and second phases of offshore wind power, first phase of enhanced grid for offshore wind power, first phase of small-sized hydroelectricity in Taiwan, fifth phase of wind power generation, small-sized hydroelectricity at the southern part of the Jiji Weir’s channels, first phase of Yilan Renze-Tuchang geothermal power generation, small-sized hydroelectricity at the Hushan Dam, wind power generation for Penghu’s low-carbon island, and the hydroelectricity program in Wanli.
TPC pointed out that the conditions for the issuance of corporate bonds this time are as follows:
(Cover photo source: pixabay)