Tuesday 17 July
Powered by Ajaxy
Nov 15, 2017 @ 18:52

PH, Russia sign cooperation deal on nuclear energy

 

The Department of Energy (DOE) and the Russian Federation State Atomic Energy Corp. (Rosatom) agreed on a nuclear cooperation program under a memorandum of cooperation (MOA) that will initially run for five years.

Energy Secretary Alfonso Cusi said this would help the Philippines in forming a national position and the crafting of a nuclear energy policy that may lead to a nuclear energy program.

“The cooperation with Russia is part of the government’s intention to develop a variety of applications of nuclear energy that are within our policies, particularly for power generation,” he said.

“Through this MOC, we can tap the significant experience of Russia in harnessing nuclear energy and the emerging technologies related to it for peaceful purposes that is safe and secure,” Cusi said.

Under the agreement, both nations will work in several areas, including nuclear infrastructure studies towards national energy policy development and nuclear energy program implementation in the Philippines.

Both nations will also do an audit and assessment of the Bataan Nuclear Power Plant’s technical condition, including the option of its rehabilitation.

Feasibility studies will also done on construction in the Philippines of small modular nuclear power plants, onshore or offshore, but not limited to analysis of technical, commercial, financial and legal aspects.

Tags: , , , , , ,

Related Stories
Rising global oil supply, driven by crude giants Saudi Arabia and Russia, may come under
The OPEC cartel on Wednesday warned that global trade tensions could have a negative impact
The United States launched what China called the "largest trade war in economic history" between
Russia on Saturday joined an OPEC-led pledge to boost oil production in response to growing


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.