Power retailer Manila Electric Co., in partnership with US-based Ultra Safe Nuclear Corp. , plans to proceed with the full feasibility study on nuclear power this year, company executives said.“Our goal is to be able to start an operational plant perhaps in one of the island provinces to produce power and demonstrate that it’s a safe mode of producing power. So we hope to do that certainly well before 2028,” Meralco chairman Manuel Pangilinan said.
The full feasibility study will cover site-specific assessment and detailed analysis of local and regulatory landscapes crucial to the deployment of nuclear technologies.“On the formal feasibility study, we will need to deep dive more on the financial safety and other very important parameters as well as on the site-specific study like where do we install this micro modular reactors,” Aperocho said.
Aperocho said Meralco would work with the policymakers, especially the Department of Energy, on the study that would take six months.