The Manila Electric Company (MERALCO) has signed a memorandum of understanding (MOU) with South Korean firm Samsung C&T Corporation Engineering & Construction (Samsung C&T) to promote the implementation of nuclear energy projects.
“Through this MOU, MERALCO stands to gain a comprehensive understanding of the critical aspects of nuclear energy development that will ensure that our future decisions are well-informed and aligned with international best practices. This aligns well with Meralco’s continuous efforts to work with global knowledge and technology partners to help us in our transition towards more diversified and sustainable energy sources,” said MERALCO Executive Vice President and COO Ronnie L. Aperocho.
As part of the MOU, MERALCO and Samsung C&T will exchange insights on the technical design and capabilities of nuclear technology, as well as examine the existing regulatory framework, energy landscape, and necessary grid infrastructure.
The companies will also evaluate the potential for a pilot demonstration project and explore additional opportunities for nuclear power plant development.
This partnership was established after the Philippines and South Korea agreed to undertake a feasibility study on reviving the Bataan Nuclear Power Plant.
Through this MOU, Samsung C&T intends to play a key role in developing large-scale nuclear power plants and Small Modular Reactor (SMR) projects in the Philippines.
“Our collaboration with Samsung C&T is a strategic move that cements our commitment to take an active role in contributing to the Philippine government’s efforts to integrate nuclear energy in the country’s future power supply mix. As we collectively work on the safe and secure adoption of this next-generation technology, we remain focused to our ultimate goal of ensuring energy security and achieving sustainable and inclusive growth in the Philippines,” said MERALCO Chairman and CEO Manuel V. Pangilinan
