THE COUNTRY’S oldest business group is calling on the Duterte administration to open the Bataan Nuclear Power Plant, citing the need to cut power costs and make sure there is enough energy supply to support industrialization and economic growth.
In a statement, the Chamber of Commerce of the Philippine Islands called on the government to “immediately adopt nuclear power as an alternative energy source following the precarious energy problem faced by the Philippines and the alarming high costs of energy to business and industry.”
It noted that 31 countries are operating nuclear power plants “due to unstable and very volatile price of fossil fuel.”
“The United States has 99 nuclear power plants. Vietnam is presently constructing two plants. China has the fastest nuclear power program. Presently, there are more than 65 plants under construction. The rest of the countries using nuclear power plants are in Europe, Northern America, East Asia and South Asia,” the chamber pointed out.
Ensuring adequate power supply will lead to job generation and poverty reduction, it also said.
Moreover, nuclear power is a cheap source of energy, it said.
Citing the results of a previous roundtable discussion with experts, the chamber noted that nuclear power was 79 percent cheaper compared with oil, 78 percent cheaper compared with gas and 23 percent cheaper compared with coal.
There have also been fewer accidents involving nuclear plants compared with other types of plants.