The Philippine government is targeting June 2027 for the country's first nuclear energy tender, according to a report by Philstar Biz. The auction aims to select a developer for a nuclear power project, marking a significant step in the country's push to diversify its energy mix.
Under the planned framework, the winning bidder will have a ready market for the electricity generated, reducing offtake risk. Additionally, the project may qualify for state funding support, making it more attractive to investors.
The move aligns with the government's broader energy security goals as the Philippines seeks to reduce reliance on imported fossil fuels and explore nuclear power as a baseload source. The auction is part of the country's nuclear energy roadmap, which includes regulatory and safety preparations.