Chiahui Power Corporation

Chiahui Power Corporation is an independent power producer in Taiwan. The company was established on 29 April 1996 and operates in the country's electricity-generation sector rather than functioning as a general electricity retailer or a nationwide transmission utility. Its principal operating asset is the Chiahui Power Plant in Minxiong Township, Chiayi County. The company was created during the development of Taiwan's independent power producer market, in which privately owned generating companies supply electricity under arrangements connected with the island's electricity system. Publicly available reference material identifies Asia Cement Corporation as an early shareholder and Electric Power Development Company as a later strategic investor. In 2002, Electric Power Development acquired shares from Asia Cement and invested $75 million in Chiahui Power Corporation. This transaction gave the Japanese power company an ownership position in the Taiwanese generator and supported the company's development as a privately operated power producer. Ownership changed again in September 2020. Asia Cement purchased all of the Chiahui shares that had previously been co-owned by Electric Power Development Company for $183 million. Following that transaction, Asia Cement became the company's owner identified in the available reference material. The change returned Chiahui Power to full ownership by an industrial group with substantial interests in Taiwan and clarified the company's position within Asia Cement's broader corporate portfolio. Chiahui Power's business scope is focused and asset-based. Its public profile centers on electricity generation from the Chiahui Power Plant, with no reliable source in the supplied material identifying a separate consumer-facing product portfolio, retail brand architecture, international operating network, or publicly traded share listing. The company should therefore be understood primarily as a generation subsidiary and infrastructure operator. Its relevance to Taiwan's energy sector derives from its role as an independent generator supplying power into the national electricity market. The available encyclopedia material does not provide detailed information about the plant's generating technology, capacity, fuel mix, commissioning date, power-purchase arrangements, financial performance, senior management, or current operating statistics. Those details should not be inferred from the company's name or ownership history. Based on the available information, Chiahui Power remains an active Taiwan-based power-generation company associated with the Chiahui Power Plant in Chiayi County.

Chiahui Power Corporation was established on 29 April 1996 in Taiwan. Its formation took place within the country's broader development of independent power producers, allowing privately owned generation companies to participate in electricity supply alongside the established public utility structure. The company's main identified asset is the Chiahui Power Plant in Minxiong Township, Chiayi County. Asia Cement Corporation was an early shareholder. In 2002, Electric Power Development Company acquired Chiahui shares from Asia Cement and invested $75 million in the company. The transaction established Electric Power Development as a significant shareholder and brought additional international power-sector participation to the project. Public reference material does not specify the precise ownership percentages, plant capacity, fuel technology, or contractual terms associated with the investment. The ownership structure changed in September 2020, when Asia Cement purchased all shares previously co-owned by Electric Power Development Company. The reported purchase price was $183 million. This transaction made Asia Cement the owner identified in the available reference material and marked the return of Chiahui Power to full ownership by its original industrial-group shareholder. Chiahui Power's documented activity is centered on electricity generation through the Chiahui Power Plant. The available source does not describe additional plants, retail electricity products, overseas operations, or a separate portfolio of branded services. It also does not provide sufficient information to establish the company's current executives, detailed corporate organization, generating capacity, technology, fuel mix, revenues, or environmental record. Consequently, the company's history is best characterized through its establishment, its 2002 investment and ownership change, and the 2020 reacquisition by Asia Cement.

• 2020

  Asia Cement completes share reacquisition

  [1]Chiahui Power Corporationen.wikipedia.org

  In September 2020, Asia Cement purchased all Chiahui shares previously co-owned by Electric Power Development Company for $183 million.

• 2002

  Electric Power Development becomes an investor

  [1]Chiahui Power Corporationen.wikipedia.org

  Electric Power Development Company acquired Chiahui shares from Asia Cement Corporation and invested $75 million in the company.

• 1996

  Company established

  [1]Chiahui Power Corporationen.wikipedia.org

  Chiahui Power Corporation was established on 29 April 1996 in Taiwan.

A Taiwan-based independent power producer focused on utility-scale electricity generation.

• Power generation facility

  Chiahui Power Plant

  The Chiahui Power Plant is the company's identified generation asset. It is located in Minxiong Township, Chiayi County, Taiwan, and represents Chiahui Power Corporation's core operating activity as an independent power producer. The available reference material does not state the plant's capacity, generation technology, fuel source, commissioning date, or electricity-sales arrangements.

• 2020

  Asia Cement reacquires shares from Electric Power DevelopmentM&A

  Background

  Electric Power Development had previously co-owned Chiahui Power with Asia Cement following the 2002 transaction.

  Action taken

  In September 2020, Asia Cement purchased all shares previously co-owned by Electric Power Development Company.

  Aftermath

  Asia Cement became the owner identified in the available reference material, consolidating control of Chiahui Power Corporation.

  Share purchase price. $183 million (September 2020)

  Source

• 2002

  Share transfer and strategic investment by Electric Power DevelopmentM&A

  Background

  Asia Cement was an existing shareholder, while Electric Power Development Company sought an ownership position in the Taiwanese independent power producer.

  Action taken

  Electric Power Development acquired Chiahui shares from Asia Cement and invested $75 million in the company.

  Aftermath

  Electric Power Development became a shareholder and Asia Cement's ownership position was reduced. The available source does not provide the resulting ownership percentages.

  Investment. $75 million (2002)

  Source

• 2020

  Asia Cement reacquires Chiahui Power shares from Electric Power Development[1]Chiahui Power Corporationen.wikipedia.org

  M&A · Other

  In September 2020, Asia Cement Corporation purchased all Chiahui Power shares previously co-owned by Electric Power Development Company for $183 million.

• 2002

  Electric Power Development acquires shares and invests in Chiahui Power[1]Chiahui Power Corporationen.wikipedia.org

  M&A · Other

  Electric Power Development Company acquired Chiahui Power shares from Asia Cement Corporation and invested $75 million in the Taiwanese independent power producer.

1. 1Chiahui Power Corporationen.wikipedia.org