South Korea expresses interest in renewables dev’t after PHL opens up foreign investment - BusinessWorld Online

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The Department of Energy (DoE) said South Korea is exploring “practical ways to cooperate” with the Philippines to help the latter achieve energy security via renewable energy, which was recently opened up to 100% foreign investment. READ:

Soonchang Hong, Minister Counselor of the Korean Embassy, said during the 2022 Korea-Philippines Energy Forum Friday that the government of South Korea is deepening its understanding of Philippine energy policy and suitable technologies to further its participation in the energy industry’s development here.

Energy Undersecretary Felix William B. Fuentebella said at the forum that the DoE is hoping that South Korea can help the Philippines achieve energy security through renewables. “The importance of energy has recently been highlighted due to the global supply chain disruption, climate change,” Mr. Hong added. In July, the Philippines and South Korea discussed possible cooperation in nuclear technology and renewables.

Regarding the Bataan Nuclear Power Plant, “almost everything is complete. Our recommendation is we would like to support Bataan’s rehabilitation and reinforce safety requirements,” Sebin Cheon, senior manager at Korea Hydro and Nuclear Power Corp. told reporters on the sidelines of the forum.

 

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