Tag: Manila Electric Company (Meralco)

Investors’ Interest In Nuclear Energy In The Philippines Remains Strong

Investors’ Interest In Nuclear Energy In The Philippines Remains Strong

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The future of a nuclear-powered Philippines remains achievable as the Department of Energy (DOE) confirmed that investors are strongly interested in nuclear energy in the country, according to a BusinessWorld news report.

For the newcomers reading this, more Filipinos expressed through a survey their preference for nuclear power for electricity, PhilATOM was signed into law by President Ferdinand “Bongbong” Marcos, and Meralco is preparing its bid for a nuclear power license.

To put things in perspective, posted below is an excerpt from the news report of BusinessWorld. Some parts in boldface…

INVESTORS are still keen on developing nuclear energy projects in the Philippines, the Department of Energy (DoE) said, as the government prepares to start accepting applications next year.

Energy Secretary Sharon S. Garin said there is significant investor interest in nuclear energy projects in the Philippines, as some companies have already presented their ideas.

Speaking to reporters on Friday, Ms. Garin said companies want to go into nuclear energy as they see it as a possible solution to serve baseload capacity and to cater to the increasing demand from data centers.

“They’re very interested and are waiting for us to finalize the site selection and site evaluation,” she said in mixed Filipino and English.

The DoE plans to begin accepting applications for nuclear energy projects by 2026 as part of efforts to integrate nuclear power into the country’s energy mix by 2032.

Under the Philippine Energy Plan, the country aims to integrate nuclear energy into the power mix with at least 1,200 megawatts (MW) of capacity by 2032, increasing it to 2,400 MW by 2045 and to 4,800 MW by 2050.

“I understand, the companies are waiting for us to guide them on which are the areas that are more feasible. But some companies have already approached DoE to enter into a memorandum of agreement, non-exclusive, to explore the possible nuclear power plant development,” Ms. Garin said.

She said some energy firms have expressed interest in nuclear energy development such as power distributor Manila Electric Co. (Meralco) and power generation firm Aboitiz Power Corp.

In a separate interview, Meralco Executive Vice-President Chief Operating Officer Ronnie L. Aperocho said that the company waiting to see the ongoing development of Romania’s first small modular reactor before proceeding on its own.

“There is a requirement from PhilATOM (Philippine Atomic Energy Regulatory Authority) that the first-of-its-kind technology must run of at least about two years without any incidents before we can adopt it here in the Philippines. So, we have to go through that two-year requirement,” he said in mixed Filipino and English.

In September, President Ferdinand R. Marcos, Jr. signed Republic Act No. 12305, the Philippine National Nuclear Energy Safety Act, which created PhilATOM.

PhilATOM is an independent quasi-judicial body tasked with overseeing all nuclear and radiation activities in the country. Under the law, PhilATOM will hold sole and exclusive jurisdiction over the regulation of nuclear energy and radiation sources in the Philippines, ensuring their peaceful, safe and secure use.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think nuclear power in the Philippines will become a reality over the next several years?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Meralco and French firm sign nuclear power development agreement

Meralco and French firm sign nuclear power development agreement

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The movement towards a nuclear-powered Philippines progressed some more as Meralco and the French energy firm Électricité de France SA (EDF) formally signed an agreement to explore nuclear energy development in the country, according to a news article by the Philippine News Agency (PNA).

To put things in perspective, posted below is an excerpt from the report of the PNA news article. Some parts in boldface…

Power utility giant Manila Electric Company (Meralco) has signed a strategic cooperation agreement with France’s state-owned Électricité de France SA (EDF) to explore the deployment of nuclear energy in the Philippines, an initiative aimed at bolstering long-term energy security.

EDF will provide Meralco with technical support and strategic guidance in conducting feasibility studies under the two-year memorandum of cooperation, according to a news release over the weekend.

Meralco revealed in November 2024 that it is in talks with the French government on research collaborations.

The studies will focus on evaluating site readiness, grid integration and the economic viability of nuclear energy in the Philippines.

“One of Philippine government’s key objectives is to achieve greater energy security for our country and nuclear power is one viable path toward that goal,” Meralco chair and chief executive officer Manuel V. Pangilinan said.

“We see this cooperation as a significant first step for Meralco, and we are committed to taking a leadership role in advancing nuclear energy in the Philippines,” he added.

EDF, one of the world’s largest nuclear power operators, will also offer tailored training on nuclear reactor technologies and project management.

It will support Meralco in preparing for potential deployment and in seeking financing options, including those from the French government.

“Through this important first step — and the opportunity to engage in meaningful discussions with you — we hope to make real progress at your site as well. This is the beginning of what we envision as a remarkable, long-term journey, one that could span the next hundred years,” EDF senior vice president for International Nuclear Development Vakisasai Ramany told Meralco officials.

The collaboration builds on Meralco’s nuclear energy strategic transition initiative and its ongoing engagements with France’s top research institutions.

Through its Meralco Power Academy, the company has partnered with Université Paris-Saclay under the Filipino Scholars and Interns on Nuclear Engineering program to develop future Filipino experts in the nuclear field.

Let me end this post by asking you readers: What is your reaction to this recent development? Do you think that a nuclear-powered Philippines will be realized in the years to come?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

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Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco