China is the latest country to join the renewed investment euphoria for nuclear power technology in the Philippine energy sector, as prompted by the recent state visit of President Ferdinand Marcos Jr. in that Asian super power nation.
According to Energy Secretary Raphael P.M. Lotilla, the interests of the Chinese investors are centered both on conventional nuclear power facility as well as on the deployment of small modular reactor technology.
Of the earlier reported nine Chinese energy firms which pledged up to $13.76 billion worth of investments to the Philippines, one of them is China General Nuclear Power Group , which is a state-owned Chinese company. In the past Duterte administration, many Chinese companies also exhibited keen interest to invest in the Philippine energy sector; but no tangible megawatts had been concretized until the end of his reign.
The DOE particularly stated that CPID has been “involved in the development of solar, wind, hydroelectric, geothermal and biomass power.”
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