Strategic Move Strengthens NMDC’s Position in Taiwan’s Energy Sector

NMDC Energy has been awarded a prestigious $1.136 billion EPC (Engineering, Procurement, and Construction) contract by Taiwan Power Company (Taipower) for the Tung-Hsiao Power Plant 2nd Stage Renewal Project.

Project Overview

• Scope of Work:
  • Design, construction, and installation of 111 km of linear subsea pipeline at depths ranging from 10 meters to 55 meters.
  • Shore approach works and dredging operations with a volume of approximately 6 million cubic meters.
• Location:
  The project spans from Taichung to Tung-Hsiao along Taiwan’s west coast.
• Significance:
  The pipeline will help deliver 2.3 million tonnes of natural gas annually, which is essential for boosting Taiwan’s energy security and supporting its clean energy transition.

Strategic Implications

• Market Expansion:
  NMDC Energy views Taiwan as a high-potential market, with the contract strengthening its presence in Taiwan and South East Asia.
• Sustainability Commitment:
  This project is a step forward in Taiwan’s clean energy transition, reinforcing NMDC Group’s focus on sustainable energy solutions.
• Leadership and Innovation:
  The project underscores NMDC Energy’s leadership in offshore and onshore energy solutions, with its multidisciplinary approach that integrates marine engineering and energy infrastructure.

Leadership Comments

Yasser Zaghloul stated:

“This landmark contract underscores our leadership in engineering and marine solutions while driving Taiwan’s energy transition. It’s about creating sustainable energy pathways for resilience in the region.”

Ahmed Salem Al Dhaheri added:

“Our collaboration with Taipower is integral to expanding our renewable energy footprint in Taiwan and unlocking opportunities for clean energy integration in the region.”

Economic and Strategic Impact

• Revenue Growth:
  The project is expected to significantly enhance NMDC’s revenue, solidifying its role in the global energy sector.
• Geographic Expansion:
  This contract reinforces NMDC’s strategy to expand into high-potential markets while actively participating in renewable energy projects.