Philippines / Country Unlikely To Have Nuclear Power In Next Decade, Says Fitch

Country Unlikely To Have Nuclear Power In Next Decade, Says Fitch
A view of the Philippine capital Manila. Image courtesy Creative Commons.
The Philippines is unlikely to have an operational nuclear power plant over the next decade despite the government’s move to revive the sector and increasing calls to shun the use of coal, according to Fitch Solutions Country Risk and Industry Research.

In July, Philippine prresident Rodrigo Duterte issued an executive order which authorised a study on the viability of nuclear energy as a power source.

Manila-based Business World quoted Fitch as saying: “We maintain our forecasts that no nuclear capacity will come online in the country over the coming decade, and will only seek to revise it if we see concrete project developments going forward.

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