In brief
The Department of Energy (DOE) has announced plans to launch the Philippines' first nuclear energy auction and has released draft Nuclear Capacity Tender Guidelines for public comment. The draft guidelines are intended to establish the policy and implementation framework for the competitive tender, award, development, construction, licensing, and commercial operation of nuclear power generation capacity in the Philippines.
Key features of the draft guidelines include rules for tendering nuclear power generation capacity through an auction process, staggered delivery from 2038 to 2047, provision for the winning bidder to request negotiation of sovereign support or guarantee, and an option for the government to acquire up to 10% equity in the project company. The tender proper is targeted for June 2027, with the notice of award expected by December 2027 and first delivery targeted for 2038.Potential investors and power sector stakeholders should monitor the development and issuance of the final Nuclear Capacity Tender Guidelines and evaluate early-stage entry strategies, particularly given the likelihood of preferential treatment for first movers.
For a detailed analysis of the DOE's draft Nuclear Capacity Tender Guidelines and their implications, read the full alert on quisumbingtorres.com
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