DOCSLIB.ORG

2015 Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2015 Annual Report (A joint stock limited company incorporated in the People’s Republic of China with limited liability) Stock Code: 00916 2015 ANNUAL REPORT 2015 2015 ANNUAL REPORT For identification purpose only For identification purpose only CONTENTS Chairman’s Statement ............................. 2 President’s Statement .............................. 4 Key Operating and Financial Data.................... 8 Corporate Profile ................................. 14 Honours and Awards .............................. 22 Corporate Milestones in 2015 ....................... 24 Management Discussion and Analysis ................. 26 Directors’ Report ................................. 66 Connected Transactions............................ 83 Biographies of Directors, Supervisors and Senior Management ......................... 94 Human Resources ................................ 110 Social Responsibility............................... 115 Corporate Governance Report ....................... 119 Supervisory Board’s Report ......................... 140 Independent Auditor’s Report ....................... 143 Consolidated Statement of Profit or Loss and Other Comprehensive Income ................. 145 Consolidated Statement of Financial Position ........... 147 Consolidated Statement of Changes in Equity .......... 150 Consolidated Statement of Cash Flows ................ 152 Notes to the Financial Statements .................... 155 Glossary of Terms ................................ 273 Corporate Information ............................. 278 CHAIRMAN’S STATEMENT Dear Shareholders, In 2015, the business environment was severe and complex. Under the strong leadership of the Board and under the guide of the management team, the Company, with the goal of becoming a world first-class company, thoroughly implemented the “One, Five and Five” core strategy (“一五五”核心戰略) of Guodian Group with reform and innovation as its key drivers. It solidly proceeded with the “double enhancement” (“雙提升”) and proactively adapted to the new normality, striving to achieve a quality, efficient and sustainable development. As at the end of 2015, the consolidated installed capacity of the Company reached 17,950MW, among which, the consolidated installed capacity of wind power reached 15,765MW, making the Company the world’s largest wind power operator. In 2015, despite the decline in wind resources and aggravated grid curtailment in the second half year, wind power output for the year reached 25.709 billion kWh, representing an increase of 2.621 billion kWh year-on-year. The Company recorded a profit before taxation of RMB4,676 million, representing an increase of 15.3% year-on-year. Net profit attributable to equity holders of the Company amounted to RMB2,881 million, representing an increase of 12.8% from 2014, the highest level in recent years. The Company obtained approvals for wind power projects with installed capacity of 2,628MW in 2015, including new wind power projects with installed capacity of 2,222MW, reaching the historically highest level. In 2015, Standard and Poor’s Corporation, an international renowned rating agency, upgraded the corporate credit rating of the Company from BBB+ to A-, currently the highest rating among comparable listed new energy companies in the world. 2 China Longyuan Power Group Corporation Limited Annual Report 2015 CHAIRMAN’S STATEMENT 2016 heralds the start of China’s “Thirteenth Five-Year Plan” and is year full of hope. New normality presents new opportunities and a new starting point initiates a new journey. Led by the “five main development ideas”, we, following the main line of innovative management and development, will keep up with the national strategic deployment of energy. On the occasion of the new round of power system reform, we will do our utmost in the operation, management and development of the Company to build it into an innovative, management and benefits-oriented enterprise. We will accelerate the pace of building a world first-class listed new energy company to make more contributions in terms of coping with global climate change and building ecological civilization and a beautiful China. Chairman of the Board Qiao Baoping CHAIRMAN’S STATEMENT 3 PRESIDENT’S STATEMENT Dear Shareholders, From a long-term perspective of national energy security and sustainable development, the trend of energy development through transformation featured by vigorous development of new energy is irreversible and the national determination for development of new energy is firm and long term. In March 2015, the CCP Central Committee and the State Council published the Several Opinions on Further Deepening Power System Reform (《關於進一步深化電力體制改革若干意見》), specifying the basic principle and objective of adherence to energy conservation and emission reduction and promotion of energy structure optimisation to increase the proportion of renewable energy power generation in power supply; in November 2015, the NDRC issued six core supporting documents on system reform, of which the Opinions on Implementation of Orderly Release of Power Generation and Utilisation (《關於有序放開發用電計劃的實施意見》) further specified preferential arrangement of guaranteed power generation with renewable energy including wind power and solar power. These are favourable national policies supporting the development of new energy. In 2015, under the strong leadership of the Board, the Group earnestly followed and implemented the spirits of the Working Conferences held at the beginning and middle of the year respectively and took initiatives to accommodate the new normality. In adherence to the “eight focuses” (“八個注重”) and in pursuit of the “four first-classes” (“四個一流”), the Group carried out the activity of “year for improvement of normalized and standardized management” in a deep-going way, strengthened the operation and management, deepened reform and innovation and advanced each work in a steady manner, thus maintaining a sound operation and development trend. 4 China Longyuan Power Group Corporation Limited Annual Report 2015 PRESIDENT’S STATEMENT FAVORABLE PRODUCTION AND OPERATION RESULT In 2015, through a number of measures for taping corporate profit potentials, the Group achieved consolidated operating revenue for the year amounting to RMB19,649 million, representing a year-on-year increase of 7.8%. Net profit attributable to equity holders of the Company amounted to RMB2,881 million, representing an increase of 12.8% from 2014. The earnings per share amounted to RMB35.84 cents. As at the end of 2015, the total annual assets amounted to RMB133,473 million, among which its net assets amounted to RMB44,533 million and its net gearing ratio was 61.71%. LEADING POSITION IN UTILISATION HOURS OF WIND POWER Against the sharp decline in wind resources and aggravated grid curtailment in the second half year of 2015, the Group reinforced the benchmarking of power generation, thoroughly boosted “lean maintenance” of equipment and carried out difference rate management of utilization hours in an all-round way. An annual cumulative wind power of 25,709 million kWh was generated, representing an increase of 11.35% year-on-year, and the utilisation hours of wind power reached 1,888 hours, 160 hours higher than the industry average. PRESIDENT’S STATEMENT 5 PRESIDENT’S STATEMENT SUSTAINED GROWTH IN INSTALLED CAPACITY In 2015, in order to cope with the declining price policy for wind power, the Group constructed a batch of high quality wind power projects in a fast-paced manner. The newly installed wind power capacity of the Group reached 2,222 MW, reaching the historically highest level. As at the end of 2015, the consolidated installed capacity of the Group reached 17,950 MW, of which the wind power installed capacity was 15,765 MW, ranking the first in the world. SUSTAINED ENHANCEMENT OF DEVELOPMENT QUALITY Through optimising project development layout, maximizing the effort input for the preliminary works and intensifying assessment of preliminary work, the Group obtained approvals for wind power projects with installed capacity of 2,628 MW in 2015, 87% capacity of which were located in the regions not subject to grid curtailment(非限電地區), further enhancing the quality of its development. 6 ChinaChiChChihinana LongyuanLonLLongyugygyuyuaann PowerPowPPoowerer GroupGroGrGroroupup CorporationCorCororporppooratiatattiionon LimitedLimLLiimimiittteed AnnualAnnAnAnnnnualuaualal ReportRReeporppooorrtt2 201520150101155 PRESIDENT’S STATEMENT We would like to extend our sincere gratitude to each shareholder for your tremendous support. Looking forward to the next year, we will further accelerate the establishment of an international first-class listed new energy company with the focus on the following aspects: I. To strengthen operation of stock assets with the “double enhancement” as the focus. Through in-depth promotion of “double enhancement”, we will consolidate the foundation of safe production and cope with the grid curtailment with all our strength. A complete model system for economic operation management and control will be established to intensify assets operation and management; II. To optimise the development of earned assets with economic benefit as the centre. Steady efforts will be made in development of high quality resources while enhancing the quality of preliminary work. We will endeavour to improve the management and control of project progress to build high quality projects. In addition, we will also proactively explore and study the application and management model for new wind power technologies;
Load more

Recommended publications
  • Bid Invitation Announcement: Wind Turbine Foundation Construction
    Bid Invitation Announcement Project Name: Wind Turbine Foundation Construction Project (section II) for Putian Pinghai Bay Offshore Wind Power Farm Phase II Project (hereinafter referred to as the “Project”). Tendering No.: PHWFD-II-ZB-025. 1. Bid invitation conditions Fujian Tendering Center Co., Ltd. (hereinafter referred to as "the Bidding Agency"), entrusted by Fujian Zhongmin Offshore Wind Power Co., Ltd. (hereinafter referred to as “the Tenderee”), now holds a public tendering for the Wind Turbine Foundation Construction Project (Section II) of the Putian Pinghai Bay Offshore Wind Power Farm Phase II Project for deciding contractors. The Project accepts the bids of eligible enterprises from the member contries of “BRICS”. 2. Project overview and tendering scope: 2.1 Project overview The Putian Pinghai Bay Offshore Wind Power Farm Phase II Project is situated in Pinghai Bay, Xiuyu District, Putian City. The project neighbors Daitou Peninsula on the west, Nanri Island on the north and Meizhou Island on the southwest. It is about 12km far from Pinghai Town and covers part areas of Zone B and Zone C of the Putian Pinghai Bay Offshore Wind Power Farm. A total of 41 sets of wind turbine generator units with an individual capacity of 6MW are proposed to be installed, including 20 sets in Zone B and 21 sets in Zone C. The total installed capacity will reach about 246MW. 2.2 Tendering scope: The tendering scope covers construction of foundation and ancillary facilities of 21 wind turbines in Area C. These include: Foundation construction and ancillary facilities installation for 21 wind turbines and engineering safety monitoring, special recording of vedios on all site construction processes of Phase II Projects (including Cormorant island Wharf, Booster Station, Phase II Marine Laying and Phase II Foundation Construction, etc.) , except the Basic construction and fan installation of I section and the installation of Phase II Wind Turbine .
    [Show full text]
  • A Case Study of Putian, China
    Journal of Marine Science and Engineering Article Coordination of Marine Functional Zoning Revision at the Provincial and Municipal Levels: A Case Study of Putian, China Faming Huang 1,*, Yanhong Lin 1,2, Huixin Liang 2, Rongrong Zhao 1, Qiuming Chen 1, Jie Lin 1 and Jinliang Huang 2,* 1 Third Institute of Oceanography, Ministry of Natural Resources, Xiamen 361005, China; [email protected] (Y.L.); [email protected] (R.Z.); [email protected] (Q.C.); [email protected] (J.L.) 2 College of the Environment and Ecology, Xiamen University, Xiamen 361005, China; [email protected] * Correspondence: [email protected] (F.H.); [email protected] (J.H.); Tel.: +86-592-219-5001 (F.H.) Received: 11 October 2019; Accepted: 22 November 2019; Published: 3 December 2019 Abstract: Marine functional zoning (MFZ) is a type of marine spatial planning (MSP) implemented widely in China and one of the three major systems defined in the Law of the PRC on the Administration of Sea Area Use. China adopts “top-down management” for MFZ, in which upper management levels impose clear constraints and restrictions on lower levels. However, this approach has led to issues, such as a rigid MFZ classification system and unreasonable re-allocation of control indicators in the process of assigning MFZ classification at different levels. In this study, we propose and demonstrate the coordination of MFZ revision in terms of the classification system and the re-allocation of control indicators in the coastal city of Putian, China. The results show that the proposed measures could help realize the effective and reasonable coordination of MFZ revisions at the provincial and municipal levels, providing a reference for such MFZ revisions in other regions of China and the coordination of MSP between different levels in other countries.
    [Show full text]
  • Newport Paper 38
    NAVAL WAR COLLEGE NEWPORT PAPERS 38 NAVAL WAR COLLEGE WAR NAVAL High Seas Buffer The Taiwan Patrol Force, 1950–1979 NEWPORT PAPERS NEWPORT N ES AV T A A L T W S A D R E C T I O L N L U E E G H E T I VIRIBU OR A S CT MARI VI 38 Bruce A. Elleman Color profile: Generic CMYK printer profile Composite Default screen U.S. GOVERNMENT Cover OFFICIAL EDITION NOTICE This perspective aerial view of Newport, Rhode Island, drawn and published by Galt & Hoy of New York, circa 1878, is found in the American Memory Online Map Collections: 1500–2003, of the Library of Congress Geography and Map Division, Washington, D.C. The map may be viewed at http://hdl.loc.gov/ loc.gmd/g3774n.pm008790. Use of ISBN Prefix This is the Official U.S. Government edition of this publication and is herein identified to certify its authenticity. ISBN 978-1-884733-95-6 is for this U.S. Government Printing Office Official Edition only. The Superintendent of Documents of the U.S. Government Printing Office requests that any reprinted edition clearly be labeled as a copy of the authentic work with a new ISBN. Legal Status and Use of Seals and Logos The logo of the U.S. Naval War College (NWC), Newport, Rhode Island, authenticates High Seas Buffer: The Taiwan Patrol Force, 1950–1979, by Bruce A. Elleman, as an official publication of the College. It is prohibited to use NWC’s logo on any republication of this book without the express, written permission of the Editor, Naval War College Press, or the editor’s designee.
    [Show full text]
  • Bidding No.: PHWFD-II-ZB-028
    Bid Invitation Announcement Project Name: Wind Turbine Installation Project (section II) for Putian Pinghai Bay Offshore Wind Power Farm Phase II Project (hereinafter referred to as the “Project”). Bidding No.: PHWFD-II-ZB-028. 1. Bid Invitation Conditions Fujian Tendering Center Co., Ltd. (hereinafter referred to as “the Tendering Agent”), entrusted by Fujian Zhongmin Offshore Wind Power Co., Ltd. (hereinafter referred to as the “Bid Inviter”), now holds a public tendering for the wind turbine installation project (section II) of the Putian Pinghai Bay offshore wind power farm phase II project for deciding contractors. The eligible enterprises from the member countries of “BRICS” can participate in the bidding of the Project. 2. Project Overview and Bidding Scope: 2.1 Project Profile The Putian Pinghai Bay Offshore Wind Power Farm Phase II Project is situated in Pinghai Bay, Xiuyu District, Putian City. The Project neighbors Daitou Peninsula on the west, Nanri Island on the north and Meizhou Island on the southwest. It is about 12 km far from Pinghai Town and covers some parts of Zone B and Zone C of the Putian Pinghai Bay Offshore Wind Power Farm. A total of 41 sets of wind turbine generator units with an individual capacity of 6 MW are proposed to be installed, including 20 sets in Zone B and 21 sets in Zone C. The total installed capacity will reach about 246 MW. 2.2 Tendering Scope: The scope of tendering covers installation works of the 21 sets of wind turbine generator units in Zone C. Including: Unloading of wind turbines generator units and their auxiliary equipment and storage, transportation and installation thereof after unloading, cooperation work during commissioning and correction of wind turbines, auxiliary construction facilities during construction period, video and image recording of the entire installation and construction processes of this section, etc.
    [Show full text]
  • Procurement Notice: Fujian Putian Pinghai Bay Offshore Wind Power Project
    Procurement Notice: Fujian Putian Pinghai Bay Offshore Wind Power Project Country China Project Fujian Putian Pinghai Bay Offshore Wind Power Project Sector Power Contract Procurement of wind turbine generator units and accessory equipment China (the “Borrower”) has applied for funding from New Development Bank to finance the cost of Fujian Putian Pinghai Bay Offshore Wind Power Project. Part of proceeds of the financing will be used for payments towards wind turbine generator units and accessory equipment. Details of the project and the contract are as given below: The project is situated in Pinghai Bay, city of Putian, Fujian Province. The project neighbors Daitou Peninsula on the west and Nanri Island on the north. It is about 12 km from Pinghai Town. The total installed capacity of the project will reach 250 MW. Not more than 50 sets of offshore wind turbine generator units, with an individual capacity not less than 5.0 MW, are expected to be installed. The scope of bidding this time includes 24 sets of offshore wind turbine generator units with individual capacity not less than 5.0 MW, after the successful completion of the previous bidding of 120 MW for the same project. The total installed capacity will be 130 MW for bidding this time. It includes, but is not limited to, electric system and control system of the wind turbine generator units and accessories, towers matched to the wind turbine generator units, step-up equipment, ring-network cabinet, complete monitoring system, spare parts, exclusive tools and relevant technical service. Fujian Zhongmin Offshore Wind Power Co., Ltd., a subsidiary of state-owned Fujian Investment and Development Group Co.
    [Show full text]
  • Relation Between Diversity of Phytoplankton and Environmental Factors in Waters Around Nanri Island
    Ye et al.: Relation between diversity of phytolankton and environmental factors - 241 - RELATION BETWEEN DIVERSITY OF PHYTOPLANKTON AND ENVIRONMENTAL FACTORS IN WATERS AROUND NANRI ISLAND YE, Y. Y.1 – LUO, Y.1,2* – WANG, Y.1 – LIN, M.1 – XIANG, P.1* – ASHRAF, M. A.3,4 1Third Institute of Oceanography, SOA, Xiamen 361000, China 2College of Environmental Science and Engineering, Ocean University of China, Qingdao 266100, China 3Faculty of Science & Natural Resources, University Malaysia Sabah 88400 Kota Kinabalu, Sabah, Malaysia 4International Water, Air & Soil Conservation Society, Kuala Lumpur, Malaysia *Corresponding author e-mail: [email protected], [email protected] (Received 24th Oct 2016; accepted 20th Dec 2016) Abstract. Based on the investigation in waters around Nanri Island in spring and autumn of 2011, we analyzed spatial and temporal changes in species, abundance and diversity index of phytoplankton, and explored the relation between phytoplankton community structure and environment. The result showed that 106 species of phytoplankton, in 48 genera were identified, wherein diatom was the dominant species in abundance. Abundance in spring was significantly higher than that in autumn, ecological groups feature eurythermal and warm water species. Investigation showed that the heterogeneity of the marine environment of was high, and phytoplankton species diversity was low. Salinity and nutrients, as two major factors that influenced temporal and spatial variation of phytoplankton distribution abundance, were significantly correlated with phytoplankton abundance in spring. Compared to islands survey data during 1990-1991, dominant species were mainly few species, which succeed from domination of both dinoflagellate and diatom to domination of diatom. Keywords: field survey; temporal and spatial distribution; community structure; influence of human activities; correlation Introduction Phytoplankton belongs to a concept of ecology (Fott et al., 1980).
    [Show full text]
  • Fujian and the Making of a Maritime Frontier in Seventeenth-Century China
    UNIVERSITY OF CALIFORNIA, SAN DIEGO Sealords Live in Vain: Fujian and the Making of a Maritime Frontier in Seventeenth-Century China A dissertation submitted in partial satisfaction of the requirements for the degree Doctor of Philosophy in History by Dahpon David Ho Committee in charge: Professor Joseph W. Esherick, Co-Chair Professor Paul G. Pickowicz, Co-Chair Professor Barry J. Naughton Professor Daniel Vickers Professor Charles J. Wheeler 2011 © Dahpon David Ho, 2011 All rights reserved. The Dissertation of Dahpon David Ho is approved, and it is acceptable in quality and form for publication on microfilm and electronically: Co-Chair Co-Chair University of California, San Diego 2011 iii DEDICATION FOR MY LOVING PARENTS Yuping Sandi Ho and Shyh-chin Mike Ho AND MY WIFE Elya Jun Zhang iv EPIGRAPH Defeat, my Defeat, my bold companion, You shall hear my songs and my cries and my silences, And none but you shall speak to me of the beating of wings, And urging of seas, And of mountains that burn in the night, And you alone shall climb my steep and rocky soul. Defeat, my Defeat, my deathless courage, You and I shall laugh together with the storm, And together we shall dig graves for all that die in us, And we shall stand in the sun with a will, And we shall be dangerous. * --Kahlil Gibran * “Defeat,” from The Madman (1918) v TABLE OF CONTENTS Signature Page……………………………………………………………………………iii Dedication.....…..................................................................................................................iv Epigraph.....…......................................................................................................................v
    [Show full text]
  • The Making of China's Maritime Security Policy: Policy Actors, the Fragmented Authority, and Implications
    The Making of China’s Maritime Security Policy: Policy Actors, the Fragmented Authority, and Implications Chia-Yu Huang A thesis in fulfillment of the requirements for the degree of Doctor of Philosophy School of Humanities and Social Sciences UNSW Canberra 2014 PLEASE TYPE THE UNIVERSITY OF NEW SOUTH WALES Thesis/Dissertation Sheet Surname or Family name: Huang First name: Chia-Yu Other name/s: Abbreviation for degree as given in the University calendar: PHO School: School of HASS Faculty: UNSW Canberra Title: The making of China's maritime security policy: policy actors, the fragmented authority, and implications Abstract 350 words maximum: (PLEASE TYPE) This thesis aims to examine the decision-making process of China's maritime security policy. In particular, it addresses the question of what factors have led to the inconsistent nature of China's maritime security policy, a phenomenon as yet little examined. In contrast to existing studies regarding China's maritime power which have implied that there is a clear driver dominating China's maritime security policy, this thesis highlights inter-agency competition in the policy process. It argues that due to the fragmentation of its decision-making authority, China does not have a clear driving force dominating the making of its maritime security policy. Instead, its policy is influenced and shaped by various loosely coordinated actors in the policy process and is a product of extensive bureaucratic bargaining. Consequently, even though Beijing has an overarching policy guideline to build the country into a maritime power (haiyang qiangguo), relevant decisions on specific maritime security issues are made disjointedly and slowly, which contributes to the inconsistent nature of its maritime security policy.
    [Show full text]
  • Country Advice China China – CHN36515 – Fujian Province – Fuqing – Fuzhou – Catholics – Church Demolitions 19 April 2010
    Country Advice China China – CHN36515 – Fujian Province – Fuqing – Fuzhou – Catholics – Church demolitions 19 April 2010 1. Please provide comprehensive information on the treatment of Catholics in Fujian province. In Fujian province, as in the rest of China, there is an official Catholic Church called the Catholic Patriotic Association, which owes its allegiance to the Chinese Communist Party; as well as an „underground‟ Catholic Church which maintains its allegiance to the Vatican. Estimates of the number of Catholics in Fujian vary between 200,0001 and 400,000.2 Fujian is generally regarded as one of the areas of China that applied regulations on religion more liberally than others, but some sources indicate that police and local officials continue to arrest underground Catholic priests and parishioners and to demolish churches.3 Sources consulted also indicate that Chinese authorities continue to appoint Bishops to dioceses in Fujian without the approval of the Vatican, and that local authorities take action against underground Catholics to serve the financial interests of local officials.4 Arrests of Bishops and parishioners in Fujian On 24 March 2010, Catholic news website Asia News reported the arrest of Fr. Liu Maochun, an underground Catholic priest from the diocese of Mindong in Fujian, for being involved in the organisation of a camp for university students. Another priest involved in the camp, Fr. John Baptist Luo Wen, is reported to have been previously arrested and released after fifteen days imprisonment. Asia News also reports that two other priests involved in the camp “received a notice of detention and expect to be taken into custody in the near future”.5 A September 2005 Gospel Post claims that in Fujian, as in other provinces, it is the local authorities and not the central government who have been responsible for implementing official policy on religion.
    [Show full text]
  • Typhoon Soudelor (2015) Induced Offshore Movement of Sand Dunes
    water Article Typhoon Soudelor (2015) Induced Offshore Movement of Sand Dunes and Geomorphological Change: Fujian Coast, China Haidong Li 1, Yunhai Li 1,2,*, Binxin Zheng 1, Guicai Zhong 1, Hannv Zhang 1, Hengbo Wang 1 and Lei Qiao 3 1 Laboratory for Ocean & Coast Geology, Third Institute of Oceanography, Ministry of Natural Resources, Xiamen 361005, China; [email protected] (H.L.); [email protected] (B.Z.); [email protected] (G.Z.); [email protected] (H.Z.); [email protected] (H.W.) 2 Laboratory for Marine Geology, Qingdao National Laboratory for Marine Science and Technology, Qingdao 266061, China 3 Department of Earth Science, Utah Valley University, Orem, UT 84058, USA; [email protected] * Correspondence: [email protected] Received: 19 March 2019; Accepted: 3 June 2019; Published: 7 June 2019 Abstract: Typhoons play a significant role in the marine sedimentary dynamic process and thus could significantly change the submarine geomorphology in their influence area. In this study, a high-resolution sub-bottom profiler and a side-scan sonar were used to detect the submarine geomorphology of the southeast coastal area of Nanri Island in the Taiwan Strait before and after Typhoon Soudelor—three times in 2015. The results show that the typhoon induced seaward movement of the sand dunes up to several tens of meters, resulting in significant changes in both the shape of the sand dunes and the scale of the exposed bedrocks. The typhoon also changed the submarine geomorphology, including the smoothing of anchor traces of fishing boats and the formation of relatively small sand dunes (groups).
    [Show full text]
  • High Seas Buffer
    U.S. Naval War College U.S. Naval War College Digital Commons Newport Papers Special Collections 4-2012 High Seas Buffer Bruce A. Elleman Follow this and additional works at: https://digital-commons.usnwc.edu/usnwc-newport-papers Recommended Citation Elleman, Bruce A., "High Seas Buffer" (2012). Newport Papers. 38. https://digital-commons.usnwc.edu/usnwc-newport-papers/38 This Book is brought to you for free and open access by the Special Collections at U.S. Naval War College Digital Commons. It has been accepted for inclusion in Newport Papers by an authorized administrator of U.S. Naval War College Digital Commons. For more information, please contact [email protected]. NAVAL WAR COLLEGE NEWPORT PAPERS 38 NAVAL WAR COLLEGE WAR NAVAL High Seas Buffer The Taiwan Patrol Force, 1950–1979 NEWPORT PAPERS NEWPORT N ES AV T A A L T W S A D R E C T I O L N L U E E G H E T I VIRIBU OR A S CT MARI VI 38 Bruce A. Elleman Color profile: Generic CMYK printer profile Composite Default screen U.S. GOVERNMENT Cover OFFICIAL EDITION NOTICE This perspective aerial view of Newport, Rhode Island, drawn and published by Galt & Hoy of New York, circa 1878, is found in the American Memory Online Map Collections: 1500–2003, of the Library of Congress Geography and Map Division, Washington, D.C. The map may be viewed at http://hdl.loc.gov/ loc.gmd/g3774n.pm008790. Use of ISBN Prefix This is the Official U.S. Government edition of this publication and is herein identified to certify its authenticity.
    [Show full text]
  • Taiwan's Energy Conundrum
    MAY 2012 AsiaSpecial Program RepoRt No. 146 Taiwan’s Energy Conundrum SSU-LI CHANG, “An Overview of Energy Policy and Usage in Taiwan” PAGE 4 HERNG-SHINN HWANG, “Progress and Prospects EDITED BY BRYCE WAKEFIELD for Renewable Energy in Taiwan” PAGE 14 ABSTRACT: This Special Report explores the complex set of opportunities and challenges CHI-YUAN LIANG, inherent in Taiwan’s energy profile. Ssu-li Chang describes the profile, and also consid- “Energy Security and Policy PAGE 21 ers the possible impact of changed pricing mechanisms and increased reliance on nuclear in Taiwan” energy. Herng-Shinn Hwang, outlines the promise of alternative “green” energies. Chi- HONGYI LAI, “Taiwan- yuan Liang surveys Taiwan’s energy security, comparing Taiwan’s performance in energy Mainland China Energy Ties: usage with major nations around the world. And Hongyi Lai examines the possibility of Cooperation and Potential PAGE 29 Conflict” energy cooperation and the potential consequences on the island’s energy supply of conflict between Taiwan and mainland China. Introduction BRYCE WAKEFIELD n June 2011, anti-nuclear rallies assembled President Chen Shui-bian of the Democratic outside the Legislative Yuan, Taiwan’s parlia- Progressive Party (DPP) to halt construction Iment, protesting the government’s approval of the New Taipei City plant. After achiev- of a $486 million budget to continue construc- ing office in 2008, the administration of the tion on the island’s fourth nuclear power plant Nationalist Party’s (KMT) Ma Ying-jeou in New Taipei City. Along with protests over restarted the project. the preceding months that attracted more than The government’s willingness to ignore pub- 100,000 people, the rallies demonstrate that the lic discontent by building the new power plant failure of the Fukushima power plant after the highlights Taiwan’s energy conundrum.
    [Show full text]