Gov't fast-tracks nuclear financing

As the country reconsiders nuclear energy, the Department of Energy (DOE) is set to explore financing options in coordination with the Department of Finance (DOF), the Department of Economy, Planning, and Development (DEPDev), and the country's first sovereign wealth fund (SWF), Maharlika Investment Corp. (MIC), among other agencies.

- BY GABRIELL CHRISTEL GALANG

In a statement, the DOE announced it has issued a comprehensive framework to integrate nuclear energy into the national power mix, a move intended to help establish the country's first commercially developed and operated nuclear power plant (NPP).