Philippine President Ferdinand Marcos has signaled a potential return to nuclear power, stating that the technology may offer a solution to the country's persistent energy crisis.
The declaration comes as the Philippines continues to grapple with the highest electricity rates in the Asia-Pacific region, a structural weakness that has weighed on industrial competitiveness and household budgets alike.
The push for nuclear energy represents a significant shift in the country's long-term power strategy.
With conventional sources struggling to keep pace with demand and price volatility, Manila is exploring all viable options to stabilize the grid.
The administration's willingness to revisit nuclear power suggests a recognition that incremental improvements to existing infrastructure may no longer be sufficient to address the scale of the challenge.
This development aligns with earlier reports that the Philippines is in preliminary discussions with Canadian engineering and technology group AtkinsRéalis regarding a potential partnership in the nuclear sector.