@mandaragattv4: 🔴 MANILA PHILIPPINES - Nuclear power is drawing interest from one of the Philippines’ leading investment bankers, who sees a potential role for the technology in meeting the country’s electricity needs. 🔴 MANILA PHILIPPINES - Nuclear power is drawing interest from one of the Philippines’ leading investment bankers, who sees a potential role for the technology in meeting the country’s electricity needs.. BDO Capital and Investment Corp. president Ed Francisco said he was open to supporting nuclear energy projects, including the possible revival of an existing plant, after spending years studying the technology and examining financing and regulatory considerations. “To be honest, I’ve been researching nuclear for the past two to three years,” Francisco said on Bilyonaryo News Channel’s “Bankero Unfiltered.” His research included small modular reactors and discussions with nuclear energy advocates, including Rep. Mark Cojuangco. “When the word ‘SMRs’ came out, I was researching whatever I could get. Also trying to see if they could revive the old plant. I’m very supportive of that,” he said. Francisco said he had also consulted the Bangko Sentral ng Pilipinas about potential financing requirements.“I already checked, even with the BSP, what do we have to do? There’s nothing preventing us,” he said. He acknowledged that nuclear development would require additional legal safeguards and measures addressing public concerns before financial support could proceed. “Once that is all set, I think we will support. That’s a large capital expenditure,” Francisco said. He argued that renewable energy alone would not be sufficient to meet the country’s electricity requirements, citing the need for dependable baseload generation and the relatively high cost of battery storage. “I support renewables also, but I totally agree, just all renewables are not enough. We need baseload,” he said.Francisco also supported maintaining coal as a transitional energy source, subject to government policy, while eventually phasing it out. “It’s not the long-term solution. It should be phased out during the transition, but I think it’s needed, especially now,” he said. He said a diversified energy mix could support economic expansion and lower electricity costs. “If we want to jumpstart our economy and have lower costs, we want to be able to diversify the mix,” Francisco said. Nuclear energy would require substantial initial investment but could offer lower maintenance costs, he added. “We will need a mix of government financing there, but I’m also very supportive. #reels #virals

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Monday 09 November 2026 14:16:48 GMT