Finance.Yahoo Philippines Advances Nuclear Power Plans Amid Rising Energy Demand
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- •Philippines plans to integrate nuclear power to meet rising electricity demand.
- •Electricity demand is expected to grow by 3.6% annually, with peak demand at 20.1 GW.
- •The government is focusing on regulatory readiness and financing for nuclear projects.
The Philippines is intensifying efforts to incorporate nuclear power into its energy mix, driven by increasing electricity demand and reliance on imported fuels. Energy Secretary Sharon Garin highlighted that electricity demand is projected to grow by 3.6% annually, with peak demand reaching 20.1 GW against an installed capacity of 32.5 GW as of July 2026. The government is focusing on site assessments, regulatory readiness, and financing arrangements to enhance energy security and support clean energy goals. With over half of the country's primary energy supply coming from net energy imports, nuclear power is being positioned as a reliable, low-carbon alternative alongside renewable energy sources. The initiative aims to diversify energy sources and reduce vulnerability to global supply disruptions.
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