South Korea’s Export-Import Bank (Eximbank) has signed a memorandum of understanding with Korea Hydro & Nuclear Power (KHNP) and Philippine electricity company Meralco to cooperate on the possible development of nuclear power plants in the Philippines.
A statement by the bank said that the agreement was signed in Manila and sets out plans for Eximbank to provide financial support for potential nuclear projects involving KHNP and Meralco.
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