00:01Miralco Chairman Manuel V. Pangilinan expresses skepticism about the economic viability of nuclear energy in the Philippines, despite political support
00:09for its revival.
00:10This as Miralco PowerGen is studying the viability of small modular reactors backed by a $2.8 million U.S.
00:17government grant to evaluate technologies and eventually identify a preferred option.
00:21But Pangilinan himself expresses his doubts and says,
00:26Pangilinan points out that while nuclear fuel may be cheap, almost everything needed to get a plant up and running
00:31is prohibitively expensive.
00:46He also notes the challenges of convincing communities to host these nuclear plants.
01:01Miralco has also been building up its own nuclear talent through its fission and nest programs, sending engineers abroad to
01:08pursue nuclear engineering studies.
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