Megaworld wants townships to switch to RE sources by 2025

Photo by Carl Attard from Pexels

(By: Arra Francia, Business World)

Megaworld Corp. wants all of its townships to be fully reliant on renewable energy sources by 2025, in a bid to make its developments sustainable for the future.

“Our goal by 2025 is all of our townships will have renewable sources,” Megaworld Chief Strategy Officer Kevin Andrew L. Tan said.

“We want to switch our supply to renewable sources. So we’re asking all of our power suppliers to make that switch already. That will be the transition for the next three years,” Mr. Tan added.

The listed property developer currently has 24 townships across the country, the latest of which is called Empire East Highland City which is being developed with its subsidiary Empire East Land Holdings, Inc. The 24-hectare estate is located along F. Felix Avenue in Cainta.

In line with its “live-work-play” concept, Megaworld townships have a mix of residential, office, commercial, and retail establishments.

Mr. Tan said the company will implement the shift by township, with the first changes to be seen in Iloilo Business Park, given that there’s some new developments there on the distributor side and the supply side. They also piloted solar power there.

Iloilo Business Park spans 72 hectares and is the company’s largest investment in Western Visayas.

The company also said it will incorporate solar panels into the roof of its P1.2-billion Upper East Mall inside its Upper East township in Bacolod City. The three-storey mall will be Megaworld’s first green mall featuring sustainable and energy efficient designs.

The article is first published HERE on June 10, 2019.