Wednesday 26 February
Oct 5, 2019 @ 18:43

Cusi signs deal with Russia to build floating nuclear power plant in Philippines


The Duterte administration is exploring the possibility of build a floating nuclear plant in the Philippines with the help of the Russia’s state nuclear corporation.

During President Rodrigo Duterte’s state visit to Russia, Energy Secretary Alfonso Cusi and Evgeny Pakermanov, Rusatom Overseas have signed a Memorandum of Intent to jointly explore the prospects of cooperation in the construction of nuclear power plants in the Philippines.

RIA Novosti news agency reported that Rusatom’s CEO Alexei Likhachev had proposed to the Philippines a project to build a floating nuclear power plant.

The Philippines never operated the $2.3 billion Bataan Nucelar Power Plant since Westinghouse. Power completed it in the mid-1980s due to fears sparked by the Russian Chernobyl plant meltdown in 1986 which exposed hundreds of thousands of people to radiation.

In August 2019, Russia launched its first floating nuclear power plant Akademik Lomonosov at the Arctic port town of Povok port in the Chukotka peninsula (population 4,000).

Time Magazine reports that Rusatom saw “significant market potential” for its floating nuclear plants in Southeast Asia, Latin America and Africa. The vessel’s reactors has a capacity of 70 megawatts of electricity and 50 gigacalories an hour of heat energy which was enough to support a city of up to 100,00 people.

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