31 Mar 2023
CPC Corporation, Taiwan (“CPC”) is engaged in the development of green energy and negative carbon technology. To conduct the government’s policy of energy transformation, on March 27, 2023, it signed an MOU with Ormat-International Inc. (referred to as Ormat) regarding the development of geothermal energy. In the future, both parties will co-operate to develop geothermal energy in Taiwan, achieving the goal of Net Zero Emissions by 2050.
On this occasion, both parties signed an MOU of cooperation. CPC will provide its experience in geothermal exploration and drilling in Taiwan, while Ormat will advise and provide information regarding the development, design, equipment, construction, and operation of geothermal power plants. Through cooperation, both parties will work together to develop geothermal fields, making breakthroughs in the prospecting and development of geothermal energy in Taiwan, with the intention of achieving net zero emissions in Taiwan together as early as possible.