AboitizPower eyes further nuclear energy exploration

Power PH – Featured Image (5)

Aboitiz Power Corporation looks to continue its efforts in exploring nuclear energy through a visit to nuclear energy companies in the United States 

In a report by the Philippine Star, AboitizPower President and CEO Emmanuel Rubio said that they will be visiting NuScale Power Corp. and Ultra Safe Nuclear Corp. in the United States next month. 

AboitizPower views nuclear energy as a potential source of reliable and clean baseload power in the country, and a significant contributor to its shift to a cleaner energy mix.

The company aims to understand and physically see nuclear technology and its development process. 

AboitizPower noted that no formal agreement with the US has been made. For now, they are studying the technology determining the top small modular reactors (SMR) developers, and trying to be involved first-hand in the discussions. 

To meet another provider, Aboitiz Power also targets to visit Canada, which has power stations run on Canada deuterium uranium reactor technology (CANDU), in early 2024.

Rubio also emphasized the vital role of government support in the development of the nuclear sector in the country since it would be beneficial when it comes to endorsement, securing permits, stakeholder management, and incentives. 

Earlier, the draft of the Philippine Energy Plan (PEP) 2023 to 2050 incorporated nuclear power as part of the country’s clean energy mix under the clean energy, which considers its entry of 1,200 megawatts (MW) by 2032, 2,400 MW by 2035, and 4,800 by 2050.

Meanwhile, the Department of Energy (DOE) expressed its support for the pursuit of safe and responsible harnessing of nuclear energy as it is a significant contribution to the expansion of the country’s energy mix.

By 2030, AboitizPower aims to achieve a 50:50 balance between its renewable and thermal capacities.