MOSCOW – Mindanao developer and power producer A Brown Company on Tuesday forged an agreement with Russia’s Rusatom International Network to promote the use of nuclear technology in the Philippines.
The memorandum of understanding was signed by A Brown president Roel Castro and Rusatom International president Alexander Merten during one of the world’s largest nuclear expositions in the Russian capital.
“The aim is to promote the use of nuclear technology in the Philippines. It is not the stereotype that we know, dirty and dangerous,” Castro told ABS-CBN News.
The agreement will help move proposed nuclear cooperation between the Philippines and Russia, which both countries agreed to during President Rodrigo Duterte’s visit to Moscow last month, Merten said.
Russia has developed nuclear technology applications in medicine and agriculture which can be useful to the Philippines, Castro said.
“We’re trying to be the first mover. This potential is not only for A Brown, this potential really is for everyone,” he said.
Asked if A Brown would like to invest in nuclear power, Castro said: “Yes that’s, not a far fetched idea.”
A Brown has a stake in Peakpower Energy, which is set to operate a 20 MW bunker-fired plant in General Santos City and another 5 MW facility in Agusan del Sur province.
Its subsidiary, Hydro Links Power Corp is developing a 26 MW hydroelectric plant in Surigao del Sur.
The company owns the upscale Xavier Estates in Cagayan de Oro City and is looking at the middle-income market for growth.
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