CPC Corp, Taiwan (CPC, 台灣中油) and Taiwan Power Co (Taipower, 台電) are on March 21 to sign a cooperation agreement to harness geothermal energy at Renze Hot Spring (仁澤溫泉) in Yilan County, the Chinese-language Liberty Times (sister publication of the Taipei Times) reported yesterday, citing sources at the Ministry of Economic Affairs.
Under the cooperation plans, CPC would drill one or two wells near the hot spring to conduct tests, the newspaper said, adding that if the tests are successful, the state-run refiner would hand over the project to Taipower, which would be tasked with generating geothermal power.