AboitizPower Corp. has entered into a preliminary agreement with Korea Hydro & Nuclear Power Co., Ltd. (KHNP) to assess the feasibility of nuclear energy projects in the Philippines.
The partnership between the country's largest private power generator and the South Korean state-owned utility signals a tangible advance in Manila's efforts to diversify its energy mix amid persistent supply challenges.
The move follows earlier reports that the Philippines was in preliminary discussions with Canadian engineering group AtkinsRéalis regarding a potential nuclear sector partnership.
Philippine President Ferdinand Marcos has previously indicated that nuclear technology could provide a solution to the nation's ongoing energy crisis, framing the sector as a strategic priority for long-term grid stability.
For investors, the agreement represents a shift from political signaling to operational planning.
While the study phase does not guarantee construction, it positions AboitizPower and KHNP to evaluate site suitability, regulatory pathways, and financing structures.