CNFI to propose energy policies in wake of blackouts

The Chinese National Federation of Industries (CNFI, 全國工業總會) yesterday said that it would recommend energy proposals to the government after a nationwide blackout on Thursday resulted in substantial losses to the industrial sector. In a news release, the Taipei-based federation said that apart from the effects on the lives of the public, the power outage resulted in estimated losses of NT$10 billion (US$355.7 million) to 48 industrial parks and 521 companies nationwide. The optoelectronics, petrochemical and steel industries took a huge hit, with petrochemical companies in Kaohsiung's Linyuan Industrial Park (林園工業區) sustaining the biggest losses, it said. Photo: CNA Taking…