2 weeks ago
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The Organization for Economic Cooperation and Development Nuclear Energy Agency (OECD-NEA) has pledged its support to the Department of Energy (DOE) for the Philippines' nuclear energy development.
In a statement on Wednesday, Feb. 26, OECD-NEA director-general William Magwood IV said that the organization is prepared to assist the DOE in the nuclear energy initiatives.
“We are working with many countries in making practical decisions, and we look forward to working with you. That is why I’m here—to be of help and to establish a very positive relationship with you,” he said during a courtesy visit on Feb. 24.
Energy Secretary Raphael P.M. Lotilla emphasized that the DOE needs to address the financing strategies in the nuclear energy industry.
According to the DOE chief, rising nuclear project costs and supply chain constraints slow this process.
“The expertise and experience offered by the OECD-NEA are invaluable as we navigate this undertaking,” he said.
“Much of our work has focused on building a strong legal and regulatory framework for nuclear energy. We have made significant progress in submitting all necessary requirements for the ratification of existing nuclear energy-related agreements, paving the way for a safe, sustainable, and responsible nuclear energy program that will secure our nation's energy future," Lotilla elaborated.
Magwood added that the organization has extensive experience helping the global nuclear energy sector consolidate and sustain its technical expertise and human infrastructure.
OECD-NEA has helped member countries in terms of scientific, technological, and legal frameworks to make nuclear power safe and economically doable.
This cooperation is expected to provide the Philippines with necessary assistance as it works toward a 1,200-megawatt (MW) nuclear power integration by 2032.
To recall, the Philippines has made initial advancements in nuclear energy by adopting a clear national position through Executive Order No. 164. This includes the development of comprehensive nuclear laws, human resource advancements, regulatory frameworks, radiation protection, radioactive waste management, and emergency preparedness, among others.
These actions helped the DOE secure recognition from the International Atomic Energy Agency (IAEA) in December 2024, as the DOE added that “These achievements mark the country’s steady transition toward Phase 2 of the IAEA’s Milestone Approach, demonstrating its commitment to developing a secure, sustainable, and responsible nuclear energy infrastructure.
