Napocor-Kepco signed MOU for possible revival of Bataan Nuclear plant
December 23, 2008 7:44 pm by pna
By Marie S. Nerie
MANILA, Dec. 23 —A memorandum of understanding (MOU) that would start the feasibility study for the possible utilization of mothballed Bataan Nuclear Power Plant (BNNP) was forged between the National Power Corporation (Napocor) and Korea Electric Power Corporation (Kepco).
Signed last month in Cebu City, the MOU is expected to spur potential cooperation between the two parties.
According to Napocor, the nuclear reactor found in the BNPP has a “twin sister” in South Korea, the 650-MW Kori 2, commissioned in 1983, and has been operating since 1983.
The agreement states that “it is also expressly understood that the signing of the MOU does not give KEPCO any preferential right to future projects or plans that Napocor may undertake on the BNPP.”
The MOU moreover added that “it is clearly understood between Napocor and KEPCO that nothing in the MOU shall be construed as a commitment by National Power to KEPCO to rehabilitate the BNPP, and that the MOU is non-exclusive.” .
The MOU will have a life span of three years.
Napocor president Froilan Tampinco and KEPCO Philippines president Kang Won Lee sealed the agreement “for the purposes of enhancing the cooperation and exchange of information between Napocor and KEPCO in the field of nuclear power generation, through visits, among others.”
Likewise, the MOU aims to “promote bilateral cooperation in the fields of nuclear power plant operation, maintenance and rehabilitation through the exchange of data and experience, visits and joint work”, so that both parties stand to benefit by “sharing invaluable experience and knowledge to be gained from such cooperation”.
The parties agreed exchange data; activities related to determine the feasibility of the possible rehabilitation of BNPP; exchange of visits by experts, engineers and technicians in nuclear power generation; and cooperation in nuclear power plant rehabilitation, operation and maintenance and other related business fields.
Further, the MOU shall also promote the conduct of various studies, such as those for preparation, planning and implementation of the cooperation project; site survey for the project, subject to the safety and security regulations of Napocor; nuclear legislation, regulation and administration; studies on environmental impact of the project; human resources development related to the project; and other subjects of mutual interest as may be agreed upon by both Napocor and KEPCO.
In 1976, the BNPP was built during the term of the late strongman Ferdinand Marcos to address the energy crisis that hit the country in the 1970s.
The plant was valued at P21.2 billion or US$ 460 billion and an interest rate of P1.06 billion at present. But the total cost of the plant after it was completed in 1984 was US$ 2.3 billion.
Kepco has earlier sent a letter to the Philippine government offering the possible building of the nuclear plant or the revival of the BNPP. (PNA)
The date posted here is due to our website rebuild, it does not reflect the original date this article was posted. This article was originally posted in Yonip on Feb 02nd 2009