Having shut down its last remaining nuclear plant Saturday, Taiwan is working to secure new imports of natural gas.
The Maanshan nuclear plant closed following the expiration of its 40-year operating license, fulfilling a promise by the ruling Democratic Progressive Party of a “nuclear-free” Taiwan. Analysts say the move will make the country more reliant on imported fossil fuels and more exposed to spikes in the price of gas.
Already Taiwan is struggling to generate enough electricity, leading to recurrent blackouts and brownouts in recent years. To service its booming semiconductor industry, Taiwan will add 5 gigawatts of gas power to the grid this year, the equivalent of five nuclear reactors.