NMDC Energy PJSC, an EPC service leader announced that it got awarded an EPC contract deal with Taiwan Power Company, (Taipower), concerning pipeline installation, shore approach works, and dredging services to be done as part of the Tung-Hsiao Power Plant 2nd Stage Renewal Project.
The project is valued at $1.136 billion, which will be used in the design, construction, and installment of the 111 kilometers of subsea pipeline to be laid at depths ranging between 10 to 55 meters. The pipeline will connect the two key locations, Taichung and Tung-Hsiao, on Taiwan’s west coast. The scope also includes extensive shore approach works and dredging operations, totaling approximately 6 million cubic meters.

Led by NMDC Energy and supported by NMDC Dredging & Marine, the contract highlights the company’s integrated approach to energy infrastructure. It also highlights NMDC Group’s ability to combine various engineering disciplines, ensuring seamless execution of large-scale projects.

Strategic Expansion into Taiwan and Asia

NMDC Energy sees Taiwan as a key market with strong growth potential, and this project is a major expansion step. The company views entering Taiwan as a key step to strengthen its position in Asia and drive global energy leadership.

Leveraging its multidisciplinary expertise will strengthen NMDC Energy’s footprint in Taiwan and beyond. It will also unlock new opportunities in the region and supports NMDC Group’s long-term sustainable growth goals.

Supporting Taiwan’s Clean Energy Transition

The Tung-Hsiao Power Plant 2nd Stage Renewal Project is vital to advancing Taiwan’s energy transition to cleaner sources. The project will produce 2.3 million tonnes of natural gas per year, satisfy the energy demand, and enhance Taiwan’s energy security.

This is one of the key projects in the overall strategy for Taiwan to switch to more environmentally friendly sources of energy. This project will ensure that Taiwan reaches its renewable energy targets while making improvements to its energy infrastructure and security.

Eng. Yasser Zaghloul, CEO of NMDC Group, said, “This landmark contract underscores NMDC Energy’s position as a global leader in engineering and marine solutions, while driving forward Taiwan’s energy transition ambitions. Our work in Taiwan is not merely about infrastructure; it represents a commitment to creating sustainable pathways for energy resilience in a region of strategic importance.”

He added, “This award reaffirms our dedication to delivering world-class expertise across diverse geographies and demonstrates how NMDC Group’s integrated capabilities set the benchmark for transformative, high-impact projects worldwide.”

Also read: Copenhagen Infrastructure Partners Finishes Taiwan’s Zhong Neng Offshore Wind Farm Ahead of Schedule

NMDC Group’s Proven Track Record

NMDC Group’s success in securing this high-value contract underscores its proven ability to deliver sustainable, innovative, and efficient solutions. The award reinforces NMDC’s leadership in executing complex energy EPC and marine engineering projects. Moreover, this contract strengthens NMDC’s foothold in Taiwan, where the company is actively contributing to the country’s renewable energy initiatives.

The Czech Republic has updated its energy plan. It is aiming to phase out coal by 2033 which aligns line with EU emission targets. By 2030, nuclear power will account for 44% of electricity, rising to 68% by 2040.

Renewables will grow alongside nuclear, with natural gas used as a transitional source. This strategy reflects the country’s commitment to reducing carbon dependence and transitioning to a carbon-free future, similar to Ukraine’s goal for 2050, primarily using nuclear energy.

The plan emphasizes both emission reduction and energy stability during the green transition.

Also read: President Prabowo Optimistic Indonesia Will Achieve Net Zero Before 2050

Shift Toward Nuclear and Renewable Energy

The new plan also specifies a greater dependence on nuclear and renewable energy sources. The Czech Republic will have a new nuclear reactor operational at the Dukovany power plant by 2040.
Renewable energy will play a role slightly later. The country aims to generate 30% of its electricity from renewable sources by 2030. The amount represents a increase from the current 18%.

Shift to Renewables

As per the current conditions, coal-based power plants are facing economic constraints due to emission allowance prices that are too high. Most are likely to close by 2030, although some will go earlier due to economic reasons. This will definitely increase renewable energy imports and their production.

Investments for Emission Reductions

To reach EU standards, the climate and energy plan proposes for investments of up to 2.8 trillion CZK by 2030. These investments will concentrate on lowering emissions in industries including transportation, agriculture, and industry, switching from coal to renewable energy sources, and increasing energy efficiency.

Changes to the Green Deal and Petrol Prices

The plan initially proposed a 2 CZK increase in petrol prices due to new emission allowances, but this has been temporarily withdrawn. The government has stated it will reopen discussions with the European Commission on the Green Deal. The aim is to clarify the operation of the new emission allowance system or relax emission limits for car manufacturers.

Focus on Green Future

The Czech Republic’s climate and energy plan is a significant step toward a greener, more sustainable future. It will ensure that the national and EU climate goals are met while addressing the needs of the economy and industries during the transition.

This transition is significant because it will make the country step away from coal and invest highly in renewable energy. The approval of the plan by the government underlines its commitment to a low-carbon future and to achieving long-term environmental goals.