Philippines: Meralco and USNC Nuclear Cooperation agreenment

The Philippines’ largest electric distribution utility, the Manila Electric Company (Meralco), has signed a cooperation agreement with Ultra Safe Nuclear Cooperation (USNC) of the USA to study the potential deployment of one or more Micro-Modular Reactor (MMR) Energy Systems in the Philippines. Under the agreement – which builds on the partnership between the two companies announced in August – USNC will conduct a pre-feasibility study that will run for four months to familiarise Meralco with MMR systems and how these can be effectively utilized in the Philippines. Depending on the results of the pre-feasibility study, Meralco has the option to conduct a more detailed feasibility study with a focus on the adoption and deployment of MMR energy systems. USNC said the study will help Meralco in critical decisions and potential future activities on project-specific studies and project development plans at identified sites. The study will assess financial, technical, safety, and siting, among other considerations.