PH gov't to study viability of nuclear energy

This is another step for us to get a new source for the country's demand on energy.

BATAAN NUCLEAR POWER PLANT

The government is set to conduct a study to determine and develop the national position for a nuclear power program in the country, including the possible use of the mothballed Bataan Nuclear Power Plant (BNPP).

In Executive Order No. 116, President Duterte formed an inter-agency committee to evaluate and assess the need of viability of introducing nuclear power in the country's power generation mix.

The Nuclear Energy Program Inter-Agency Committee, to be chaired by the Department of Energy, must take into consideration the economic, security, and environmental implications, as well as engagement of the public and the relevant stakeholders, according to the President.

Duterte issued the directive through EO No. 117 that he signed on July 24 but was only made public on Thursday.

Under this EO, all liabilities for real property tax (RPT), including any special levies accruing to the Special Education Fund, for calendar year (CY) 2019, on property, machinery and equipment actually and directly used by IPPs for the production of electricity under a Build-Operate-Transfer scheme and similar, whether denominated Power Purchase Agreements, Energy Conversion Agreements or other contractual agreements, with GOCCs, assessed by local government units (LGUs) and other entities authorized to impose real property tax for all years up to CY 2019, are reduced to an amount equivalent to the tax due if computed based on an assessment level of 15 percent of the fair market value of the property, machinery, and equipment depreciated at the rate of two percent per annum, and less any amount already paid by IPPs.

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THE ONLY COUNTRY IN SOUTHEAST ASIA TO HAVE A NUCLEAR POWER PLANT

Did You know that the Philippines is the only country in Southeast Asia and one of the 30 countries in the world having a Nuclear Power Plant?

Singapore Planned to build a Nuclear Power Plant but got scrapped due to political, Technical and other Problems.

Austria and the Philippines are the 2 countries never started to use its first nuclear plants that were completely built.

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