Being the only country in Asia that has not gone nuclear, nuclear suppliers from the United States, Japan, Korea, Russia and France, United Kingdom, Canada and China are interested in investing in the country’s nuclear power industry.
The Philippine government considers this nuclear resource to be among its long-term options to ensure energy security. However, due to lack of a clear nuclear policy, the Philippine government had to turn down offers from two foreign companies during President Aquino’s trip to the United States.
Within a year, the Aquino government hopes to jumpstart critical discussions over the formulation of a nuclear policy. Earlier, energy secretary Jose Rene Almendras sought for a hundred million peso-budget to explore the possibility of developing nuclear power plants.
However, Almendras said policy decision alone may take 3 to 6 years and may take 94 months more to construct the facility.
Reportedly, a number of suppliers from the United Kingdom, Canada and China are sending teams to the Philippines next month to meet with key decision-makers and local partners through a nuclear power forum.
There are companies offering help to restore the nuclear plant in Bataan. Others offer technical assistance in developing nuclear power programme.