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Arbitration case not to affect Taiwan's mothballed nuclear plant

Arbitration case not to affect Taiwan's mothballed nuclear plant

The arbitration case filed by the U.S. contractor that designed the reactor system at Taiwan's fourth nuclear power plant will not affect the mothballed state of the plant in northern Taiwan, the construction of which has been suspended, the state-owned Taiwan Power Co. (Taipower) said Friday.

General Electric Co. (GE) of the United States has filed a case against Taipower over disputes on issues such as when and how much Taipower should pay the U.S. company, Taipower spokesman Lin Te-fu confirmed.

The Hong Kong branch of the International Court of Arbitration of the International Chamber of Commerce (ICC) has accepted the case filed by GE, Huang said, adding that Taipower will cooperate in future proceedings.

Further details, such as choosing arbitrators on behalf of each side and a third party to preside over a hearing, will need to be dealt with, before a hearing on the case can be held, Lin said.

On the issue of whether the arbitration process would affect the mothballed nuclear power plant in Taiwan, Lin said further negotiations will be needed, but he did not feel that it would have any impact.

Built at a cost to date of NT$283.8 billion yuan (US$9.15 billion), the fourth nuclear power plant was nearly completed when work on the project was suspended in late April 2014 amid protests reflecting concerns over the safety of nuclear power that had been growing since Japan's nuclear disaster in March 2011.

To preserve the plant as a possible energy option for future generations, preparations to mothball the nuclear power plant were completed by June 30, and the storage phase officially began on July 1. (By Huang Chiao-wen and Elaine Hou)

Updated : 2021-09-23 20:16 GMT+08:00