BUSINESS
Advocates Philippines
Nuclear Power To Address Rising Energy Costs
Photo credit: DOST-PNRI
In an effort to combat the increasing energy costs in the Philippines, a nuclear expert has called upon the public to rally behind the Marcos administration's plan to adopt nuclear technology for power generation. Philippine Nuclear Research Institute (PNRI) Director Carlos Arcilla emphasized the necessity of lowering electricity prices to attract more investors, stimulate economic activity, and alleviate the burden on consumers across the country.
Speaking at a media forum in Quezon City, Arcilla acknowledged that some individuals may oppose nuclear technology due to potential business disruptions. However, he highlighted the success of the Krško Nuclear Plant in Slovenia, where the cost of power generation is only a fraction of that in the Philippines. Drawing a comparison, Arcilla also pointed out that South Korea, which operates 24 nuclear power plants, produces electricity at half the cost of the Philippines.
Arcilla further noted that island provinces or regions not connected to the grid would particularly benefit from the implementation of small modular nuclear reactors, as envisioned by the Marcos administration. These areas often face exorbitant electricity prices, placing a significant burden on the local population. Arcilla shared a personal anecdote from Catanduanes, where electricity costs were so high that a retired employee tearfully donated his entire retirement check to the local cooperative.
President Marcos has shown interest in a "cutting-edge" micro nuclear fuel technology as part of the government's strategy to address the country's power crisis. During his recent visit to the United States, he met with officials from Ultra Safe Nuclear Corp., a prominent US-based firm specializing in nuclear technologies and services. Ultra Safe Nuclear Corp. presented its micro modular reactor (MMR) energy system, a fourth-generation nuclear energy solution that prioritizes safety, cleanliness, and cost-effectiveness.
The MMR is currently undergoing licensing processes in Canada and the US, representing a significant milestone in commercializing the first "fission battery." Ultra Safe Nuclear Corp. anticipates a high demand for MMRs and their nuclear fuel, envisioning the Philippines as a nuclear hub in the region.
The Marcos administration has been actively promoting a comprehensive energy strategy, aiming to ensure a reliable energy supply while also encouraging the utilization of renewable energy sources. By pursuing both nuclear and renewable options, the government aims to secure a sufficient and clean energy supply for the future.
As discussions surrounding the adoption of nuclear technology continue, public support and informed dialogue will be essential in shaping the country's energy landscape and addressing the challenges posed by rising energy costs.
Speaking at a media forum in Quezon City, Arcilla acknowledged that some individuals may oppose nuclear technology due to potential business disruptions. However, he highlighted the success of the Krško Nuclear Plant in Slovenia, where the cost of power generation is only a fraction of that in the Philippines. Drawing a comparison, Arcilla also pointed out that South Korea, which operates 24 nuclear power plants, produces electricity at half the cost of the Philippines.
Arcilla further noted that island provinces or regions not connected to the grid would particularly benefit from the implementation of small modular nuclear reactors, as envisioned by the Marcos administration. These areas often face exorbitant electricity prices, placing a significant burden on the local population. Arcilla shared a personal anecdote from Catanduanes, where electricity costs were so high that a retired employee tearfully donated his entire retirement check to the local cooperative.
President Marcos has shown interest in a "cutting-edge" micro nuclear fuel technology as part of the government's strategy to address the country's power crisis. During his recent visit to the United States, he met with officials from Ultra Safe Nuclear Corp., a prominent US-based firm specializing in nuclear technologies and services. Ultra Safe Nuclear Corp. presented its micro modular reactor (MMR) energy system, a fourth-generation nuclear energy solution that prioritizes safety, cleanliness, and cost-effectiveness.
The MMR is currently undergoing licensing processes in Canada and the US, representing a significant milestone in commercializing the first "fission battery." Ultra Safe Nuclear Corp. anticipates a high demand for MMRs and their nuclear fuel, envisioning the Philippines as a nuclear hub in the region.
The Marcos administration has been actively promoting a comprehensive energy strategy, aiming to ensure a reliable energy supply while also encouraging the utilization of renewable energy sources. By pursuing both nuclear and renewable options, the government aims to secure a sufficient and clean energy supply for the future.
As discussions surrounding the adoption of nuclear technology continue, public support and informed dialogue will be essential in shaping the country's energy landscape and addressing the challenges posed by rising energy costs.
May 7, 2023
