PHL updating energy plans; nuke deal with US in force

Quick Summary:

THE Philippine-US nuclear energy deal entered into force on July 2, the US State Department announced on Tuesday.

The 123 Agreement will pave the way for the transfer of information and expertise, nuclear material, equipment, and components directly between the Philippines and the US or through persons authorized by their respective authorities to engage in transfer activities, which will support potential nuclear power projects with US providers.

Under the 2023-2050 Philippine Energy Plan (PEP), the entry of nuclear power generation capacities is targeted in 2032 with at least 1,200 MW, and additional 1,200 MW by 2035 and 2,400 MW by 2050.

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Article Details

Author / Journalist: Malou Talosig-Bartolome and Lenie Lectura

Category: BusinessStartups

Markets: PhilippinesUnited States

Topics: Agreement Nuclear Power Clean Security Energy Cooperation Philippines Department Statement

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-09 @ 16:05:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 892 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 36 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 21556102

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