Nuclear Power and Energy

Philippines, US sign landmark nuclear deal

Reuters

This is AI generated summarization, which may have errors. For context, always refer to the full article.

Philippines, US sign landmark nuclear deal

SEALED DEAL. Philippine Energy Secretary Raphael Lotilla and US Secretary of State Antony Blinken hold up the 123 Agreement that they had just signed in San Francisco, California, on November 17, 2023.

Screengrab from RTVM

'We see nuclear energy becoming a part of the Philippines' energy mix by 2032 and we are more than happy to pursue this path with the United States,' says President Ferdinand Marcos Jr. after Philippine and US officials signed the 123 Agreement

MANILA, Philippines – The United States and the Philippines on Friday, November 17, signed a landmark deal that would allow Washington to export nuclear technology and material to Manila, which is exploring the use of nuclear power to decarbonize and boost energy independence.

“The United States will be able to share equipment and material with the Philippines as they work to develop small modular reactors and other civilian nuclear energy infrastructure,” US Secretary of State Antony Blinken said in a signing ceremony on the sidelines of the APEC Summit in San Francisco.

Negotiations for the 123 Agreement started in November 2022.

“We see nuclear energy becoming a part of the Philippines’ energy mix by 2032 and we are more than happy to pursue this path with the United States,” President Ferdinand Marcos Jr. said in a speech. “Nuclear energy is one area where we can show the Philippines-US alliance and partnership truly works.”

US Congress approval is needed for the deal, which will allow a peaceful transfer of nuclear material, equipment and information in adherence with non-proliferation requirements.

As of end-2022, the United States had 23 agreements covering 47 countries, the International Atomic Energy Agency, and democratically governed Taiwan.

The Philippines wants to tap nuclear power as a viable alternative baseload power source as it seeks to retire coal plants to help meet climate goals and boost energy security. The Southeast Asian nation is vulnerable to volatile global oil prices, seasonal power outages, and high electricity rates. (READ: Nuclear is clean. But can the Philippines handle its risks?)

Previous attempts to pursue nuclear energy in the Philippines were halted over safety concerns, but Marcos has discussed the possibility of reviving a mothballed nuclear power plant, built in response to an energy crisis during the rule of the late Philippines strongman and his namesake father.

Completed in 1984, the Bataan Nuclear Power Plant was mothballed two years later following the ouster of the older Marcos, the deadly Chernobyl nuclear disaster, and corruption allegations. – Rappler.com

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.

Summarize this article with AI
Download the Rappler App!