Australia-based Southern Infrastructure Private Limited and Kaizen ANZ Private Limited are planning to build and operate a thorium-fueled reactor in the Philippines as an alternative to hydrogen and nuclear power. In line with this, the partners have signed a public-private partnership (PPP) agreement with the Government of the Philippines to support the development.
The 40 MW Thorium fueled simple-high-temperature gas-cooled reactor (STGR20 (V)) will deliver a safe, sustainable, and green base load energy Additionally, the system will produce green hydrogen for transport, desalinated water and gamma radiation as by-products for long-term storage of food products.
The project will commence in mid-2024 and is expected to be completed by 2027.