In order to raise necessary funds for green energy promotion and power development, on May 6, Taipower's regular board meeting approved the issuance of NT$10.72 billion of unsecured general corporate bonds for the second tranche of 2022 in mid-June. In particular, $3.2 billion in seven-year corporate bonds have been approved as green bonds by the Over-the-Counter Securities Trading Center of the Republic of China, and will be used for the Renewable Energy and Energy Technology Development green investment project.

Taipower officials said that, since the government began promoting the issuance of green bonds in 2017, Taipower has responded with issuance every year. To the present, Taipower has issued a total of NT$43.85 billion in green bonds (not include this issuance), making Taipower the largest issuer of green bonds in Taiwan. The funds raised from these green bonds will be invested in 10 green investment projects, including (among others): The south shore second small hydropower generator on connecting channel to the south bank of the Jiji River weir; the Wanli hydropower generator; Phase I for small hydropower generators across Taiwan; the Penghu low carbon island wind power generators; Phase I and Phase II for offshore wind power generators; Phase V for wind power generators; Phase I of the Yilan Renze-Tuchang thermal power generator; and Phase I strengthened grid project for offshore wind power generation.

Taipower officials noted that the terms of the bond issue are as follows:

1. 3-year unsecured general corporate bonds: NT$3.4 billion, issued at 1.70% interest rate, with fixed interest rate, interest payable once a year and principal repayment at maturity.
2. 5-year unsecured general corporate bonds: NT$4.12 billion, with a fixed interest rate of 1.70%, payable annually, with one-half of the principal repaid in each of the fourth and fifth years after the date of issuance.
3. 7-year unsecured general corporate bonds (green bonds): NT$3.4 billion, issued at 1.70% interest rate, with fixed interest rate, interest payable once a year and principal repayment at maturity.
4. The issuance of these bonds must be confirmed via receipt of effective registration.

Spokesperson: Wu Chin-chung, Chief Specialist Engineer

Tel: (02) 2366-6271/0910-192-766

Email: u850899@taipower.com.tw

Business Contact: Chen Li-jen, Finance Department Director

Tel: (02) 2366-6810/0932-338-770

Email: u048292@taipower.com.tw