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