By: Jed Macapagal (Malaya Business Insight) June 7, 2018

The Department of energy (DOE) has met with officials of Korea Hydro & Nuclear Power (KHNP) to discuss the possibility of putting up a 100 megawatts modular nuclear reactor facility in the Cagayan Economic Zone Authority.

The DOE said Energy Secretary Alfonso Cusi together with DOE undersecretary Dontato Marcos and assistant secretary Gerardo Erguiza Jr. met with KHNP president and chief executive officer Chung Jae Hoon.

The discussion revolved around the possibility of conducting a feasibility study on the establishment of a modular nuclear reactor in Cagayan Province.

No further details were provided by the agency on the potential nuclear investment.

Earlier, the DOE received four letters of intent for possible investment in energy sector during the Philippines-Korea Business Forum and Luncheon hosted by the Korean Business Community for President Duterte.

These were from SK Engineering & Construction for a possible coal-fired power plant; Sy Enc Co. Ltd. For a wind power plant proposal; BKS Energy Industry Ltd. For a solar power project; and SK E&S for a liquefied natural gas terminal.

Last April, Cusi said a letter of formal transmission was sent to the President regarding the country’s proposed national nuclear policy.

“If the President approves that then I will move forward to the next step and that is procuring.

Then, if the policy is already there, implementation will soon follow.

It will not just affect the BNPP (Bataan Nuclear Power Plant) but nuclear energy as a power source to the provinces,” he had said.

Under the proposed national nuclear polict, Cusy said the DOE hopes to utilize nuclear energy as an alternative power source and conduct information dissemination to correctly explain the intricacies of utilizing such technology.