Philippines to Collaborate with Russia on Nuclear Power Plants

October 2019

A memorandum of agreement for a prospect of building a nuclear power plants in the county was among the 10 business deals signed by President Rodrigo Duterte during his visit in Russia. The 10 business agreements were estimated to be worth USD 12.57 million, covering a wide range of areas of potential cooperation.

The Department of Energy (DOE) clarified that at this stage the memorandum represents just a framework for discussion. According to DOE, the President would like to study first the proposal, especially given that the Philippines has no nuclear policy yet.

There were reports from Russian media that the Rosatom State Atomic Energy Corporation offered to build floating nuclear power plants in the Philippines. Earlier in 2017, Rosatom signed a memorandum of understanding with the Foreign Affairs Department of the Philippines for cooperation on various uses of nuclear Energy. They also signed an agreement with Department of Science and Technology (DOST) on the use of nuclear Energy for peaceful purposes including workshops, training of personnel, and the exchange of scientific information.

(Sources: Department of Energy; CNN Philippines; Manila Bulletin)

Our Services

Orissa International provides consulting services to companies that want to develop a market entry strategy for Southeast Asia or implement their business expansion into the region. We have very strong domain knowledge of markets and industry sectors, and a business network of over 16,000 distributors, resellers, and system integrators, built through advising and guiding more than 5,000 companies with their market expansion into Singapore, Malaysia, Indonesia, Thailand, Vietnam and the Philippines over the last 25 years.