THE Philippines and South Korea have taken a significant step towards reviving the mothballed Bataan Nuclear Power Plant (BNPP), signing an agreement to conduct a joint feasibility study on the project.
President Ferdinand “Bongbong” Marcos Jr. and South Korean President Yoon Suk Yeol witnessed the signing of the agreement during President Yoon’s visit to Malacañang Palace.
President Marcos, who has been a vocal advocate for nuclear energy as part of the country’s energy mix, expressed his optimism for the BNPP’s potential.
“In view of the Republic of Korea’s successful experience in the nuclear industry, we have also signed the Memorandum of Understanding on the Feasibility Study of Bataan Nuclear Power Plant (BNPP),” he said.
“This will carry out a thorough feasibility study to continue progress on the BNPP Rehabilitation, which we envision to contribute to energy security in the country.”
President Yoon echoed the importance of nuclear power as a carbon-free energy source. “We took note of the importance of nuclear power as a carbon-free energy source and agreed to lay the foundation for nuclear energy cooperation building on the conclusion of MOU on feasibility study for the Bataan Nuclear Power Plant,” he stated.
South Korea had previously expressed interest in participating in a joint feasibility study on the BNPP in 2023.
The BNPP, a $2.3-billion project initiated by the late President Ferdinand Marcos Sr. in 1976, was shelved after three years due to safety concerns. This new agreement marks a potential turning point for the project, with both countries recognizing the potential of nuclear energy for a cleaner and more secure energy future.
metrosundaily
