Meralco unit joins other PH firms looking into nuclear power

Last year, Meralco announced that it was applying for a grant from the US Trade and Development Agency for a feasibility study in the country on small modular reactors that can provide up to 300 megawatts of power per unit.Meralco expressed its interest in joining the nuclear power race after President Marcos promised during the election last year that he would look into the country’s energy security.Aboitiz Power Corp.

This is apart from AboitizPower’s ongoing talks with NuScale Power LLC, another developer that is also a partner of ports tycoon Enrique Razon Jr.’s Prime Infrastructure Capital Inc. Ultra Safe, established in 2011, specializes in micro modular reactors and other nuclear power technologies for space exploration.

In May, Oregon-based NuScale announced that it would invest up to $7.5 billion to provide 462 MW of nuclear power by the early 2030s.Nuclear power currently has no contribution to the Philippine energy mix, which is still largely composed of coal, as the Bataan Nuclear Power Plant was never loaded with fuel since its completion in the 1980s.Developers have also been pointing out that uncertainties remained within the nuclear power sector, specifically potential project sites and waste storage.

While Mr. Marcos skipped talks of nuclear energy development in his second State of the Nation Address despite pushing for it in the first year of his term, Energy Secretary Raphael Lotilla earlier explained that Congress was still working on the legal and regulatory framework for this technology.Subscribe to our daily newsletter

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