Marcos hopes Congress passes nuclear investments bill

President Marcos leads the Philippine delegation, including Speaker Martin Romualdez and several members of the Cabinet, in a meeting with officials of the Ultra Safe Nuclear Corp. led by its founder and CEO Francesco Venneri last Thursday at the Waldorf Astoria Hotel in Washington to discuss the status of USNC’s investment  plans in the Philippines.

- ALEXIS ROMERO

 

WASHINGTON – President Marcos expressed hope that Congress would pass bills allowing US nuclear firm Ultra Safe Nuclear Corp. (USNC) to undertake its project in the Philippines as the government continues to explore ways to ensure access to clean and affordable energy sources.

During a meeting with USNC executives last Thursday here, Philippine officials updated Marcos on the bills that seek to provide the legal framework for the company’s planned investment and operation in the Philippines.

Energy Secretary Raphael Lotilla said the House of Representatives had passed the bill on the regulatory framework, while the measure on the limitation of liability is on second reading in the chamber.

“With such development, the President said he is hopeful the bill gets passed in the Senate,” the Presidential Communications Office (PCO) said in a statement.

The House and the Senate must approve their respective versions of the bill before a bicameral conference committee can be convened to reconcile varying provisions.