, Philippines
Photo by Lukáš Lehotský from Unsplash

Philippines, US ink partnership for nuclear energy cooperation

The 123 Agreement will provide the legal framework for potential nuclear energy projects.

The Philippines and the United States have signed the “Agreement for Cooperation Concerning Peaceful Uses of Nuclear Energy” as part of their long-term cooperation.

Also known as the 123 Agreement, the partnership aims to arrange a legal framework for proposed nuclear power projects with US-based providers and facilitate the safety and security of nuclear energy implementation in the Philippines, adhering to protocols and regulations by the International Atomic Energy Agency (IAEA) and other watchdogs.

Under the agreement, both nations will partake in a transparent sharing of information, nuclear material, equipment, and components, for the support of future nuclear projects.

ALSO READ: Philippines needs 152TWh more renewable generation by 2050: report

It will also allow for the streamlining of licensing requirements in the private sector as adherence to the investments towards intangible transfers of technology.

“Beyond nuclear power applications to combat climate change, the new Agreement facilitates cooperation in a wide array of other peaceful uses of atomic energy — all supportive of various Sustainable Development Goals — including plant breeding, livestock production, insect pest control, soil and crop management, water use efficiency, plastic waste disposal, food safety, health and medicine,” Raphael P.M. Lotilla, Secretary of Department of Energy, said.

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


PLN Icon Plus provides bundling solutions to expand PV Rooftop services
The company utilised the PLN app, downloaded by 43 million users, to streamline installations and monitor energy consumption efficiently.  
Cambodia’s 18-year energy plan sets ambitious targets for renewables
To attain energy security, Cambodia will have to overcome investment challenges, cut wasteful consumption, and review pricing policies.