Philippines explores nuclear energy investment for Maharlika Fund

The Department of Energy (DOE) is promoting nuclear energy as an investment for the Maharlika Investment Fund, which aims to enter the power sector. The DOE plans to provide information from a recent nuclear supply chain summit to assist in investment decisions. The Maharlika Investment Corporation is expected to focus its initial investments on improving electricity infrastructure in remote areas. Finance Secretary Ralph Recto has suggested a stake in the National Grid Corporation of the Philippines as a priority. Energy Secretary Raphael Lotilla stated that the DOE is studying financing options for nuclear energy, with potential capacity targets of 1,200 megawatts by 2032. This follows a recent agreement with the United States to enhance nuclear energy cooperation.