The Manila Electric Company (Meralco) is seeking support from the Government of the United States to finance a feasibility study for the scope of nuclear energy, primarily small modular reactors (SMRs), in the Philippines. In line with this, the utility company has applied for a grant with the United States Trade and Development Agency (USTDA).
When compared to conventional and large-scale nuclear facilities, SMRs which can have capacity up to 300 MW, are faster to build and can be installed in off-grid locations. Considering this, these are a better option for the Philippines instead of traditional nuclear power plants.
Additionally, negotiations are ongoing between the Government of the Philippines and the US on a civil nuclear cooperation agreement. The agreement will allow the import of US-developed nuclear equipment and material.