MANILA Electric Co. (Meralco) estimates a timeline of 10 years before nuclear power can be added to the country鈥檚 energy mix, its chairman said, as he urged the preparation for its inclusion to immediately start.
鈥淚 think the best we can do for the moment is take a vigilant watch on what is happening. We鈥檙e about five or 10 years away from making a decision. Is the country ready for it? I don鈥檛 think we鈥檙e ready,鈥 Meralco Chairman Manuel V. Pangilinan said during a virtual press briefing last week.
The power distributor earlier said that it was looking at small modular reactors (SMRs) as part of its adoption of emerging technologies.
鈥淏ut we should prepare for it now by educating our people. I think Meralco is prepared to sponsor Filipinos in that particular area,鈥 Mr. Pangilinan said.
In 2022, Meralco said that it was in the process of applying for a grant from the United States to do a feasibility study on introducing nuclear energy in the Philippines.
鈥淏ut it is very difficult to budget nuclear. For instance, if you鈥檙e looking at SMRs, the very first of its kind will be delivered only in 2028,鈥 said Ray C. Espinosa, Meralco president and chief executive officer.
Meralco is 鈥渒eenly looking鈥 at how the pilot project of NuScale Power, LLC will proceed, he added.
Meralco鈥檚 controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in 大象传媒 through the Philippine Star Group, which it controls. 鈥 Ashley Erika O. Jose
