Shinfox Delisting May Affect Offshore Wind Phase II? Taipower Clarifies Contractor is Fuwei
NQ Score
3/100
N1 Content Completeness
4
AI Summary (NQ-processed)
With Shinfox Energy facing delisting, lawmakers have raised concerns about the progress of Taipower's Offshore Wind Power Project Phase II, which is contracted to Shinfox's subsidiary, Fuwei Energy. Taipower Chairman Tseng Wen-sheng emphasized on May 20th that the winning bidder is Fuwei, not Shinfox, and the cause of Shinfox's financial irregularities must be clarified. Minister of Economic Affairs Kung Ming-hsin stated that any contract disputes would be mediated by the Public Construction Commission, adding that the most difficult part of the project, the foundation piles, is already complete.