Development Strategy for Multi-objective Use Power Substation

Taiwan Power Company (TPC) has carried out the Sixth Power Transmission Project Implementation Plan from 2001 to 2009. However, due to the difficulty of obtaining land and protests from public relating to health concerns surrounding electromagnetic field, the progress has suffered across the whole plan, especially in the metropolitan area. Therefore, TPC has gradually transformed each substation project within the urban area to Multi-objective use.his research is in the public sector under public-private partnership model and its advantages and disadvantages. Six commonly used methods in this model are as follows: Leasing, Superficies Right、BOT、Cooperative Development、Trust Development and Land Trust. Then, it suggests a better system for land development in TPC. he study discovers that at present, “Superficies Right” is the preferred method in TPC for development of Multi- objective use substation projects. However, it may not provide sufficient attraction for more private participation during the stage to obtain further investment. Therefore, in terms of development of Multi- objective use projects with combination of large shopping mall, BOT method should be more favorable under Participation Act. In addition, the emphasis of development of these projects still falls upon Financial Assessment rather than a solution for public protests. Hence, there are several suggestions as follows: t can combine public welfare facilities (i.e. exhibition or community activity hall… etc.) in addition to substation itself. By using OT method, TPC is in charge of raising fund for construction. Regarding the remaining section, it can integrate with other more profitable business to increase Reimbursement and desire for private participation by using “Superficies Right” method.PC should make the effort for amendment of Participation Act to allow for more efficiency and flexibility of development. Therefore, it can reflect the difference between substation projects and other commercial development as well as increase profit and selling points. It should also be able to reach its ultimate goal which is to provide better services to public and sustainable business.