TAIWAN COGENERATION Business Summary

Taiwan Cogeneration Corp (TCC) operates a diversified energy business model centered on the development, operation, and maintenance of high-efficiency power facilities. Revenue is primarily derived from three core segments: Cogeneration (sales of steam and electricity), Engineering, Procurement, and Construction (EPC) services for power infrastructure, and Operation and Maintenance (O&M) for independent power plants (IPPs). TCC also generates significant income through its investment portfolio in large-scale IPPs and a growing renewable energy division focused on solar and wind projects. Within the Taiwanese market, TCC maintains a dominant position as a specialized energy services provider, competing directly with CTCI Corporation in EPC, Formosa Petrochemical in industrial cogeneration, and J&V Energy Technology in the renewable energy sector. Its strategic alignment with the state-owned Taiwan Power Company provides a unique competitive advantage in securing large-scale utility projects. The company’s leadership is characterized by deep institutional ties to Taiwan’s energy sector. The current Chairman, Jenn-Yeong Wang, assumed the role in April 2025, bringing extensive experience from his previous tenure as Vice President of Taiwan Power Company and Chairman of Star Energy Power. The executive management team is led by General Manager Yu, Kuang Hsun, supported by Vice President Yi-Tong Chen, both of whom possess decades of expertise in power plant engineering and financial management. TCC was founded in 1992 under the guidance of the Ministry of Economic Affairs to promote energy efficiency. Its board and ownership structure are anchored by the state-owned Taiwan Power Company (holding approximately 27.5%), alongside prominent industrial investors including Ta Ya Electric Wire & Cable, TECO Electric & Machinery, and Formosa Heavy Industries.