CTCI Breaks Contract Record with NT$154.7bn EPC Tender in Partnership with Mitsubishi Power to Upgrade Tung Hsiao Power Plant

MIAOLI, Sept. 5, 2025 /PRNewswire/ -- Taiwan's leading engineering, procurement, and construction (EPC) group CTCI announced today that it has won an NT$154.7bn EPC tender jointly with Japan's Mitsubishi Power Ltd. to build five new combined cycle generating units next to the existing Tung Hsiao Power Plant for Taiwan Power Company (Taipower), the state utility company. With 2,800 MW in installation capacity, the upgrade is expected to be completed by 2031. The project will meet the surging industrial power demand from the nearby Hsinchu Science Park and Taichung Science Park, as well as household power needs, while making contribution to the nation's net zero goal. While CTCI's share of contract remains undisclosed, it has broken the company's previous record.

Formally known as "Tung Hsiao Power Plant Phase 2 Renewal and Rebuilding Project: Procurement and Installation of Combined Cycle Generating Units and Plant Facilities," this is Taipower's plant upgrade project in support for the administration's energy transition policy. The combined cycle units have the world highest level power efficiency, and help reduce 60% in greenhouse gas (GHG) emissions, compared to coal-fired units. The advanced gas turbines will allow mixed combustion of hydrogen and natural gas to further reduce GHG emissions—an important step toward purely hydrogen-fueled power generation.

"We are grateful for the trust Taipower has placed in us by awarding this project," said Michael Yang, CTCI Corporation Chairman. "This is CTCI's continued partnership with Mitsubishi Power Ltd. after the successful collaboration in 2013 for Tung Hsiao Phase 1 Combined Cycle Power Plant EPC Project. As the longstanding EPC leader in Taiwan's power market, CTCI has extended its market presence overseas to Malaysia, Vietnam, and Thailand. With the best effort and a commitment in delivering 'the Most Reliable' services, we will help the nation achieve the goal of power stability."

CTCI is an experienced EPC services provider for the power industry, with track record in various power plant categories, including combined cycle, thermal, nuclear, and cogeneration. It is also active in developing renewable power business by taking part in constructing or fabricating solar, biomass, and wind energy infrastructures. The diversified scope of services helps CTCI's clients meet their multifaceted energy targets and needs for stable power. CTCI remains committed to participating in green engineering projects that balance the needs for corporate profits and environmental protection, as well as joining hands with its global partners to fulfill its ESG vision as a "Guardian of Sustainable Earth."

About CTCI  http://www.ctci.com

CTCI (TWSE: 9933, TPEx: 5209, TPEx: 6803) is a global engineering services provider that offers a comprehensive range of services, products, and solutions. Since its founding in 1979, CTCI has strived to deliver the world's most reliable engineering, procurement, construction, commissioning, operation & maintenance, and project management services. Headquartered in Taipei, Taiwan, CTCI serves the environmental, refinery, petrochemicals, power, transportation, industrial, advanced technology facilities, and LNG receiving terminals markets. The company has about 8,000 employees in around 50 operation bases spanning across more than 10 countries. CTCI aims to become a Guardian of Sustainable Earth by contributing to global sustainability through green engineering, and is committed to wielding its influence in the industry to create a low-carbon supply chain. It continues to engage its partners worldwide to deliver responsible business operations, jointly contributing to the planet's sustainable development. The company is a member of the Dow Jones Best-in-Class Emerging Markets Index.

SOURCE CTCI