BIZ BUZZ: That elusive nuclear dream
Is it safe? Or too dangerous?
The Philippines will gather foreign companies in the nuclear space next month to show how the technology can be a boon to the local sector.
The Department of Energy announced this week that the government would hold the Philippine International Nuclear Supply Chain Forum (PINSCF) 2024 from Nov. 13 to 15 in Quezon City.
Set to arrive are players from the United States, Canada, France, Japan and South Korea to share their best practices in the deployment of nuclear energy.
“We are bringing together companies from countries with proven track records in building and maintaining the critical infrastructure needed by the energy sector. This forum will showcase their innovations and best practices, offering the Philippines the opportunity to learn and benefit from their experiences,” the DOE said in a statement.
“As the world transitions away from fossil fuels, each nation is weighing options for achieving energy independence and security. This forum allows us to engage with the global community while ensuring that our own stakeholders are part of the discussions,” it added.
President Marcos wants to have the country’s first nuclear power plants up and running by 2032, with an initial capacity of 1,200 megawatts.
So far, Filipino firms that have expressed interest in penetrating this space are Manila Electric Co. and the Aboitiz Group.
