Marubeni announced the new move in a statement on Monday, but it did not provide further details regarding the share transfer.
Everpower owns and operates a 900 MW LNG-fired combined cycle power plant in Taoyuan City, northern Taiwan, and provides power under a long-term power purchase agreement with Taiwan Power Company, or Taipower, Taiwan’s state-owned electric utility service.
“Since its initial participation in the project in 1995, Marubeni has been involved in the development and construction of the plant and, following completion, has contributed to the steady supply of power in Taiwan through the plant’s stable operation,” Marubeni said.
Under its mid-term management strategy (GC2027), Marubeni aims to accelerate investment recovery and prioritize capital allocation to “high-quality growth investments.”
“The sale of Marubeni’s shares in Everpower has been implemented as part of this initiative. Marubeni will continue to strengthen its business portfolio through asset replacement, aiming to further enhance its corporate value,” the company said.
Taiwan currently imports LNG via terminals operated by state-owned CPC.
CPC operates the Yung-An LNG terminal with a capacity of 10.5 mtpa and the Taichung LNG import terminal with a capacity of 6 mtpa. The firm is also expanding its Taichung LNG terminal.
In addition, CPC said in October last year it was nearing the launch of the Guantang LNG terminal, its third LNG import facility in Taiwan.
