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☆ US, Philippines sign landmark nuclear deal
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Carlos Barria Acquire Licensing RightsMANILA, Nov 17 (Reuters) - The United States and the Philippines on Friday signed a landmark deal that would allow Washington to export nuclear technology and material to Manila, which is exploring the use of nuclear power to decarbonise and boost energy independence. "Nuclear energy is one area where we can show the Philippines-U.S. alliance and partnership truly works." U.S. Congress approval is needed for the deal, which will allow a peaceful transfer of nuclear material, equipment and information in adherence with non-proliferation requirements. The Philippines wants to tap nuclear power as a viable alternative baseload power source as it seeks to retire coal plants to help meet climate goals and boost energy security. Completed in 1984, the Bataan Nuclear Power Plant was mothballed two years later following the ouster of the older Marcos, the deadly Chernobyl nuclear disaster, and corruption allegations.

Persons: Ferdinand Marcos Jr, Carlos Barria, Antony Blinken, Marcos, Neil Jerome Morales, Kanupriya Kapoor Organizations: Economic Cooperation, REUTERS, Rights, APEC, International Atomic Energy Agency, Bataan Nuclear, Thomson Locations: Philippines, Asia, San Francisco , California, U.S, Rights MANILA, United States, Washington, Manila, San Francisco, Taiwan

MANILA, Philippines (AP) — The United States and the Philippines have signed a nuclear cooperation pact under which U.S. investment and technologies are to help the Southeast Asian nation transition to cleaner energy and bolster its power supply. He said the pact, known as a Section 123 agreement, would support the development of reliable, affordable and sustainable power in the Philippines. It will also open doors for U.S. companies to invest and participate in nuclear power projects, he said. With its peak energy demand expected to quadruple by 2040, nuclear energy will help it meet its needs in a sustainable way, he said. The United States has 23 Section 123 agreements in force that govern peaceful nuclear cooperation with 47 countries, the International Atomic Energy Agency and Taiwan.

Persons: Ferdinand Marcos Jr, Antony Blinken, ” Marcos, Blinken, ”, “, ___ Ng Organizations: Asia Pacific Economic Cooperation, U.S . Atomic Energy, Bataan Nuclear, United, International Atomic Energy Agency Locations: MANILA, Philippines, United States, Philippine, San Francisco, U.S, Taiwan, Kuala Lumpur, Malaysia

☆ US, Philippines Sign Landmark Nuclear Deal
▼ + stars: | 2023-11-16 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

MANILA (Reuters) - The United States and the Philippines on Friday signed a landmark deal that would allow Washington to export nuclear technology and material to Manila, which is exploring the use of nuclear power to decarbonise and boost energy independence. "Nuclear energy is one area where we can show the Philippines-U.S. alliance and partnership truly works." U.S. Congress approval is needed for the deal, which will allow a peaceful transfer of nuclear material, equipment and information in adherence with non-proliferation requirements. Previous attempts to pursue nuclear energy in the Philippines were halted over safety concerns, but Marcos has discussed the possibility of reviving a mothballed nuclear power plant, built in response to an energy crisis during the rule of the late Philippines strongman and his namesake father. Completed in 1984, the Bataan Nuclear Power Plant was mothballed two years later following the ouster of the older Marcos, the deadly Chernobyl nuclear disaster, and corruption allegations.

Persons: Antony Blinken, Ferdinand Marcos Jr, Marcos, Neil Jerome Morales, Kanupriya Kapoor Organizations: APEC, International Atomic Energy Agency, Bataan Nuclear Locations: MANILA, United States, Philippines, Washington, Manila, San Francisco, U.S, Taiwan

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