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Academics urge energy liberalization


National Taiwan University professor Kao Cheng-yan, right, speaks at a forum on the deregulation of the energy industry yesterday.

The liberalization of the energy industry is a likely solution to the nation’s current disputes over nuclear energy, the root cause of which lies in the sector’s monopolization by state-owned Taiwan Power Co (Taipower), academics said yesterday.

The administration of President Ma Ying-jeou (馬英九) is insisting on raising electricity prices and ensuring the commercial operation of the Fourth Nuclear Power Plant in New Taipei City’s (新北市) Gongliao District (貢寮) “to make up for Taipower’s losses,” National Taipei University economics professor Wang To-far (王塗發) told a seminar.

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US representative hopes to meet Chen Shui-bian

US Congressional Subcommittee on Asia chairman Steve Chabot is hoping to meet with former president Chen Shui-bian (陳水扁) late next week.

It will be the strongest show of US political support for Chen to date.

Chabot, a major backer of Taiwan in the US Congress, is scheduled to leave for Asia this weekend, visiting South Korea, Japan and Taiwan.

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Newsflash

An electronic copy of a report obtained by the Taipei Times on the yet-to-be-approved sale of Nan Shan Life Insurance Co claims that the backers of the Hong Kong-based consortium led by Primus Financial Holding Ltd and China Strategic Holding may include individuals found guilty of financial irregularities as well as close relatives of senior members of the Chinese Communist Party.

The English translation of the report, which is dated March 10 and comes from the office of Democratic Progressive Party Legislator Pan Meng-an (潘孟安), also mentions risks of stock speculation and raises questions about the qualifications of major shareholders and the use of “shell” companies.