US-based nuclear energy firm eyes over $6-B investment in PH

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President Ferdinand Marcos Jr.’s target to bring nuclear power to the country might be soon realized as a leading nuclear energy firm in the US expressed interest to invest more than $6 billion in the Philippines.

Malacañang on Tuesday said during a meeting with Philippine government officials in Washington, Oregon-based NuScale Power Corporation disclosed that the company is looking to launch a study to locate a potential site in the country.

“We need everything. We just have to have everything and this new technology is something,” the Malacañang statement read, quoting Marcos. Scott said NuScale can offer its small modular reactor technology, which secured design approval from the US Nuclear Regulatory Commission.

 

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