Meralco, Megaworld in partnership to develop Taguig substation

Meralco-and-Megaworld-partnership

Manila Electric Co. (Meralco) has partnered with Megaworld Corp. to develop a new substation in Taguig City to ensure stable and reliable electricity supply in the residential and business district.

Under the partnership, Meralco and Megaworld will develop a 1,694-square meter (sq.m.) property at McKinley Hill in Taguig City into a new power substation.

The property will be transformed into a new gas-insulated switchgear (GIS) substation housing three 83-megavolt ampere (MVA) transformer banks with an ultimate capacity of 249 MVA.

Construction of the substation will begin in February 2022 and is set for completion by October 2022.

The new substation will support the power demands of businesses, institutions, and communities within McKinley Hill, McKinley West, and nearby areas, as well as address the critical loading of the two existing transformer banks of Meralco at the Malibay substation.

It will also improve the system reliability, voltage regulation, power quality and distribution efficiency for key establishments in the area, including McKinley Hill Village, McKinley West Village, Venice Grand Canal, McKinley West Campus, Viceroy, Residences, Venice Luxury Residences, and Enderun Colleges, among others.

“This initiative will help a variety of sectors and communities prosper and recover from the impact of the pandemic. Together with Meralco, this forms part of our vision at Megaworld to uplift lives, impact society, and help shape the nation,” Megaworld SVP and head of operations management Jennifer Romualdez said.

The 50-hectare McKinley Hill, which forms a major part of the Bonifacio Capital District, is one of Megaworld’s four townships in Fort Bonifacio and currently its biggest in Metro Manila.

It is home to about 40 residential towers, an exclusive residential village, and 23 office towers, including LEED and PEZA-accredited office buildings, as well as international schools, foreign embassies, a full-scale lifestyle mall, and many more.

McKinley Hill is also home to five office buildings currently under the portfolio of MREIT Inc., the flagship real estate investment trust (REIT) vehicle of the Megaworld Group.

Besides a great location, incentives and perks, businesses always consider steady electricity supply that can support uninterrupted and efficient operations.

Source: https://www.philstar.com/business/2021/11/16/2141506/meralco-megaworld-develop-taguig-substation

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