A discussion venue about the role (and misrule) of big government and high taxes. Also a second website of Minimal Government Thinkers.
Thursday, July 31, 2025
Energy 185, Rising coal use in Asia especially Vietnam, China, India
Wednesday, July 30, 2025
BWorld 808, Economic basis of net zero is zero, redux
Economic basis of net zero is zero, redux
July 15, 2025 | 12:02 am
My Cup Of Liberty
By Bienvenido S. Oplas, Jr.
https://www.bworldonline.com/opinion/2025/07/15/685070/economic-basis-of-net-zero-is-zero-redux/
Consider this as Part 2 of my earlier article in this column, “Economic basis of net zero is zero” (Sept. 5, 2023). In that paper, I compared coal consumption per capita, electricity generation per capita and GDP per capita for the period 2002 vs 2022.
The results were: one, Industrial countries that have fast “decarbonization” and are weaning themselves away from coal consumption have an overall electricity generation that either flatlines or declines, and their GDP per capita has expanded by two times at most. And two, the electricity generation of developing Asian countries that have expanded their coal consumption per capita has doubled or quadrupled, and their per capita GDP has expanded up to five times.
For simpler definition, “net zero” here refers to the goal of deliberate reduction of coal/total power generation or C/T ratio as countries transition towards more solar/wind in their electricity production.
In this column, I will compare the C/T ratio and total power generation of countries over four decades, their average inflation rate and average GDP growth.
Two industrialized countries have experienced an ironic decline in their total power generation — the UK and Germany. The UK’s electricity generation fell from 327 terawatt-hours (TWh) in 1994 to 285 TWh in 2024 or a 12.7% change. Germany’s power generation fell from 528 TWh in 1994 to 497 TWh in 2024 or a 5.9% change. The decline coincided or was indirectly caused by a huge decline in average C/T ratio — the UK from 62% in 1994 to only 5% in 2024, and Germany from 57% in 1994 to 31% in 2024.
In contrast, China and Vietnam had a 987% and 2,370% increase, respectively in total power generation from 1994 to 2024. The decadal C/T ratio was 64-77% for China and 29-43% for Vietnam. The Philippines had a 326% increase in power generation from 1994-2024 and average C/T ratio rose from7% to 56% (see Table 1).
The economic consequences of rapid “decarbonization” and mad rush to net zero for the industrial west are clear. For the period 1985-1994 to 2015-2024, average GDP growth rate was declining for the UK from 2.6% to 1.4%, for Germany from 2.8% to 0.9% and for Canada from 2.4% to 1.8%.
The average inflation rate from 1995-2004 to 2015-2024 periods for the decarbonizing and net zero countries had rising trend: from 1.6% to 3% for the UK, from 1.3% to 2.7% for Germany and from 2% to 2.6% for Canada.
In contrast, coal-heavy Asians had rising or high growth GDP from 4-10% and declining average inflation rate. This was true for the Philippines, India, Malaysia, Indonesia, China and Vietnam. Taiwan, Thailand and South Korea had modest GDP growth of 2-9% and low inflation rate (see Table 2).
So for developing, emerging and industrialization-aspiring countries like the Philippines, we should prioritize net growth and not net zero, declining inflation and not declining power generation. The economic basis of net zero is zero. So I repeat the conclusion of my earlier article on this topic: We should prioritize our national agenda — more sustained growth, more job creation, more electricity for rising demand from households and industry. The global agenda of global ecological central planning should take a backseat.
My hats off to three Philippine energy companies that have big coal plants — Aboitiz Power, Meralco Power Gen (MGEN) and San Miguel Global Power. They may be demonized by climate-obsessed activists, but they are the ones that give us 24/7 electricity in this country and keep the investors here to continue creating jobs.
Tuesday, July 29, 2025
PhilStar 50, On Phl potential growth of 5-7% annually for 15 years
On Phl potential growth of 5-7% annually for 15 years
ENERGY, INFRA AND ECONOMICS - Bienvenido Oplas Jr. - The Philippine Star
July 17, 2025 | 12:00am
https://www.philstar.com/business/2025/07/17/2458454/phl-potential-growth-5-7-annually-15-years
Three beautiful business reports from The Philippine STAR have perked me up: ‘Philippines can grow 6.8 percent annually, become middle-class society by 2040’ (July 16), “BOI-approved manufacturing investments surge 165 percent in H1” (July 16) and “Projects with tax perks under CREATE hit P1.5 trillion” (July 14).
On the first report, the World Bank made an optimistic view that we can grow between 5.4 to 6.8 percent yearly until 2040 if productivity-enhancing measures are implemented. Among these are: reform complex business permitting processes that reduce barriers to entry and promote more competition, expansion in energy, telecommunications and logistics capacity to reduce costs, and expand exports and global value chain participation.
Fair enough. These are practical recommendations and are implementable. Among the sources of business bureaucracies are the local governments units (LGUs) as there are permits required from barangay to municipal/city to provincial.
National government infrastructure allocation should be revised to reward LGUs that have expanded their private investments by at least 10 percent yearly. This will hopefully propel LGUs to set aside their itch for bureaucracies to receive more infrastructure projects.
Related to GDP growth, three countries in the world have reported their second quarter (Q2) 2025 performance and they are all our neighbors. Vietnam has a whopping eight percent, from 7.2 percent in Q2 2024 and 6.9 percent in Q1 2025. China has 5.2 percent, from 4.2 percent in Q2 2024 and 5.4 percent in Q1 2025. And Singapore has 4.3 percent, from 3.4 percent in Q2 2024 and 3.9 percent in Q1 2025.
This implies two things. One, despite tariff uncertainties and trade realignment since last April when US President Donald Trump announced high tariff rates for many countries exporting to the US, Asian economies are doing good. Two, Asia has attained regional internal dynamism of its own and this is good for us. If Asians are still getting richer despite trade realignment, then we can export more to neighbors in the region, we can get more rich visitors and tourists from neighbors.
Contrast it in Europe, especially Germany and UK. Germany’s GDP growth over the past eight quarters (Q2 2023 to Q1 2025) is only between -0.3 percent to 0. Degrowth is very clear. The latest data on corporate bankruptcies shows rising trend: 1,250 companies in April 2022, 1,430 in April 2023, 1,910 in April 2024 and 2,130 in April 2025. It seems that Germany government is focused on save the planet, save Ukraine, save DEI, save illegal immigrants, but not save their economy.
Climate-obsessed UK has a declining electricity production: 81.3 terawatt-hours (TWH) in Q1 2016, 73.9 TWH in Q1 2019, 70 TWH in Q1 2022, and 66.5 TWH in Q1 2025. Reason is they are shutting down their dependable and cheaper coal plants, reducing their nuclear plants as they increase their wind-solar plants. Expensive electricity contributed to rising corporate bankruptcies: 1,870 companies in May 2022, 1,950 in May 2024, 2,240 in May 2025.
The country’s economic team should go back to London and Frankfurt, and possibly Paris, Rome and Amsterdam, entice the migrating companies there to consider the Philippines in doing business and have easier access to 700 million consumers in ASEAN alone.
The Philippines will report its Q2 2025 GDP growth on Aug. 7 or three weeks from now. Our recent performance are: 4.3 percent in Q2 2023, 6.5 percent in Q2 2024 and 5.4 percent in Q1 2025.
My own projection is around six percent growth in Q2 2025, for the following reasons. One, belated high spending in April to early May from the last elections. Two, low average inflation of only 1.4 percent in April-June 2025 vs 3.8 percent in April-June 2024; low inflation means higher consumer confidence and household spending is 74 percent of GDP. And three, good agriculture harvest as there were occasional rains even in supposedly hot-dry months of April-May.
The second and third reports in The Philippine Star are related. The Board of Investments (BOI) has approved P26.63 billion worth of investments for 14 manufacturing projects in January-June 2025, higher than the P10.05 billion in January-June 2024.
The Fiscal Incentives Review Board (FIRB) has approved 1,500 projects with total investment capital of P1.49 trillion, priority activities with incentives under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law.
I congratulate the economic team, especially Budget Secretary Amenah Pangandaman, Finance Secretary Ralph Recto, Economics Secretary Arsenio Balisacan, for their steadfast navigation of the economy towards more liberalization and market-oriented policies. We just need to keep the growth momentum and not drop the ball.
Meanwhile, on the continuing changes in leadership under the Marcos Jr. administration, I am sad that Energy Regulatory Commission (ERC) chairperson Monalisa Dimalanta has resigned. I have seen her conduct press conferences at the ERC, saw her being a speaker in many energy seminars and conferences, talked to her occasionally, she is an intelligent, articulate and hard-working official. We were together also in Toronto last year along with other government, corporate and local media people, nuclear trade mission to Canada.
But I am happy to see that Mr. Dave Gomez is the new Secretary of the Presidential Communications Office (PCO). The Philippines has the third fastest GDP growth in 2023 and 2024 out of top 50 largest economies in the world. The economic team are doing their respective communications work but somehow the pessimist and detractors still manage to paint our economy as badly managed. The new PCO Secretary having both local and international exposure in communications should be able to inform the public of overall economic improvement of the country.
BWorld 807, Assessment of the economy after three years of the Marcos Jr. administration
Assessment of the economy after three years of the Marcos Jr. administration
July 10, 2025 | 12:02 am
My Cup Of Liberty
By Bienvenido S. Oplas, Jr.
On June 30, President Ferdinand R. Marcos, Jr. finished his third year in office. How has the Philippine economy performed during his administration compared with major economies in the world given continuing economic and global uncertainties?
To help answer this question I used four metrics or indicators: GDP growth, inflation rate, unemployment rate, and Debt/GDP ratio, and these are the results:
1. The Philippines was the third fastest growing economy among the top 34 largest economies in the world in terms of GDP size (at least $900 billion in 2024), average growth from 2022 to 2024. And even if extended to the top 50 largest economies, the Philippines was still the third fastest growing next to India and Vietnam. Malaysia, Bangladesh and Indonesia are 4th to 6th, Turkey is 7th, China is 8th. Egypt and Iran are 9th and 10th but I did not include them and several others in the accompanying table for the purpose of brevity.
2. The Philippines had among the highest inflation rates in Asia in 2022 to 2023, but this have been redeemed by low inflation rates of 3.2% in 2024 and 1.8% in January to June this year. When compared with G7 members and other big European countries, our inflation was mild, even in 2022, as they saw rates of 6-9% for G7 and 8-72% for other big European nations (see Table 1).
3. The Philippines’ unemployment rate has been on the decline, from 5.4% in 2022 to 3.9% in May 2025, which is lower than India, China, and Indonesia. It is also lower than the G7 members except Japan, and lower than other big European nations. Our labor force participation rate (LFPR) was a high of 65.8% in May 2025. The LFPR is an indicator of people’s optimism or pessimism about the labor market. If people think that there are more jobs available, they go out to seek jobs and the LFPR goes up. If people think there are few jobs available, they postpone joining the labor force and instead pursue more studies, or “standby” temporarily, and the LFPR goes down.
4. The Philippines’ public Debt/GDP ratio remained at 57% from 2021 to 2024. Half of the Asian countries in the list have reduced their ratios while half have increased. Those with ratios lower than 57% in 2024 are Indonesia, South Korea, Taiwan, and Vietnam (see Table 2).
So the Philippine economy under the Marcos Jr. administration has clearly performed well in three of four indicators — higher growth, lower inflation, lower unemployment — and has been neutral in the Debt/GDP ratio. Meaning that in the last three years, more Filipinos have experienced a higher standard of living, more stable prices, and have had more jobs to choose from.
The President’s economic team — led by Finance Secretary Ralph G. Recto, Economics Secretary Arsenio M. Balisacan, and Budget Secretary Amenah F. Pangandaman — has done their work well, regardless of what the pessimists and detractors claim.
In the next three years we should catch up when it comes to high growth with leaders Vietnam and India. Vietnam reported their second quarter (Q2) 2025 GDP and it is a whooping 8%, from an already high growth of 7.3% in Q2 2024 and 6.9% in Q1 2025.
PhilStar 49, Toughening out in life: The UP Narra dorm experience
Toughening out in life: The UP Narra dorm experience *
July 10, 2025 | 12:00am
https://www.philstar.com/business/2025/07/10/2456761/toughening-out-life-narra-dorm-experience
Last Sunday, July 6, I attended a reunion of former residents of UP Narra Residence Hall (Nareha) hosted by UP president Jijil Jimenez at the Executive House. Narra was the only all-boys dormitory in UP Diliman, the other dorms are co-ed or all-girls, and Jijil himself was a Narra resident in his undergrad days.
I stayed in Narra dorm from 1983-1985, my first batch of roommates were all engineering majors, all classmates from Philippine Science High School. When they graduated, my second batch of roommates were my friends from UP Sapul, political science and math majors.
Our room was near the famous “Lean Alejandro room,” just a few doors away. Intelligent, articulate and brave student leader Lean Alejandro and his roommates Sarge Colambo, Jojo Abinales and Alvin Batalla were kind people who would welcome gate crashers in their room so long as we knock first, then engage us in any discussion from politics to history, economics, natural sciences, to Tolkien’s Lord of the Rings series.
Two of my engineering roommates were fratmen. When they have a rumble against another fraternity, my roommates asked me to allow their other brods to stay in our room as holding area. I saw plenty of weapons except guns – baseball bats, steel chains, lead pipes, chaku, small knives, etc. Around 15 boys in our room, they allowed me to see their armaments as compromise for my permission that they hold out in our room. I think none of those weapons were used because the next day, the rumble is over. Until the next semester rumble/s.
Most dormers were from the provinces, I am from Cadiz City, Negros Occidental where I took my high school. Far away from our parents and families, when our allowances are delayed or there were some emergency spending, the first thing to do is borrow money from roommates or other friends, or simply scrimp on food – eat food not at the canteen but at the lady selling street food outside the dorm on credit, to be paid few days or weeks later.
Last Sunday night, many former Narra residents came, mostly from the 90s and 80s. A number of personalities came including a provincial governor, corporate leaders, lawyers and other professionals. Lots of food, beer and whisky on the table, microphones ready for karaoke singing, no program. I said to Jijil that I can create a program spontaneously and he should be the first speaker to give a welcome message. He nodded.
I briefly introduced myself, not even my college and proceeded to call on Jijil, then representing residents from the 1970s Sarge Colambo, a former congressman sectoral representative in the 80s and now TESDA deputy director general. Another speaker I called representing the 80s residents was Peter “Pidro” Sing, a successful entrepreneur and PR guy, very “galante” when treating us his former Narra dormmates to nice food. Representing the residents in the 90s I called on Raj Palacios, now associate dean of UP College of Law but I chose him because he is the younger brother of our friend in the 80s, Earl Palacios.
Everyone enjoyed the speeches and sharing of experiences of all the speakers I mentioned. There was ample time as no one seemed interested to do karaoke singing, so I called everyone to speak, one minute each and it turned out to be another blockbuster sharing of funny and wild experiences in Narra.
Famous wood sculptor and architect, and fellow Narra resident in the 80s, Clifford Espinosa somehow summarized what most residents shared. Cliff said in Filipino, I translate into English:
“In Narra, residents created or adjusted to an environment of total discomfort, both internal and physical, our ego gave way to other residents’ observations and advise and we showed who we are. To survive, we were forced to accept the environment without judgment. To survive we did many things, some became soldiers, gays, shrewd, politicians, etc. We were trained in real life ahead.”
I agree, and I think the main lesson from our stay and socialization in Narra, it forced us to be more humble, to be more tough and not a softy cry baby. We developed a sub-culture of camaraderie within UP culture. For instance, many fratmen stayed in Narra and when their respective frats have a rumble, residents know the guys from the other frat and they avoid hitting each other. Rumbles and bitterness will soon end and they will see each other in dorm corridors, in the lobby and TV room.
One funny and wild issue during my time, there were many stray cats roaming the dorm especially at the canteen – one-eyed Jack, have skins peeled 1x1 square inch, sometimes 2x2 square inch. One time I saw a cat with peeled skin both sides, the neck tied to a bench and shivering. I let it go, it turned out that the cat was under observation by a vet med student. There was a short shouting match because other residents chimed in.
The Narra dorm council held a big meeting for residents just about the cats, the lobby was full of rowdy and lively residents. The “Colambo Commission” was formed and chaired by Sarge Colambo, suggestions by residents were funny and wild. Among the advisers then was UP Law faculty Raphael “Popo” Lotilla, recently DOE Secretary and now DENR Secretary. Sec Popo stayed in Narra from undergrad to law student to law faculty, he developed many friends from different colleges and different batches.
Four decades later, among my close friends from UP are my Narra dormmates. It was a beautiful, colorful and humbling experience.
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* Note: above photo not part of the original article in PhilStar, I only added here.
See also my previous story about the dorm,
https://funwithgovernment.blogspot.com/2013/06/weekend-fun-43-tales-from-narra-dorm-up.html (June 22, 2013)
BWorld 806, On hydropower and CBK’s privatization
On hydropower and CBK’s privatization
July 8, 2025 | 12:02 am
My Cup Of Liberty
By Bienvenido S. Oplas, Jr.
https://www.bworldonline.com/opinion/2025/07/08/683682/on-hydropower-and-cbks-privatization/
The Philippines experiences plenty of flooding yearly. Our problem is we have too much water and thus floods, but we do not have enough dams, weirs, artificial lakes, and other water catchment and storage structures to take advantage and control all that water. In 2024, hydroelectricity contributed 11.1 terawatt-hours (TWh) or 8.6% of our total power generation.
Many Asian nations hydroelectricity generation is high, like China with 1,354 TWh, Vietnam with 89 TWh, Malaysia has 34 TWh, and Indonesia’s 26 TWh (see Table 1).
On June 10, the Energy department released the Notice of Award for Green Energy Auction 3 (GEA-3) for Pumped-Storage Hydropower (PSH) with a combined capacity of 6,100 megawatts (MW) in Luzon alone. The Energy Regulatory Board’s (ERC) recommended rates are high, up to the P5.36/kilowatt hours (kWh) of Olympia Violago Water and Power, Inc.’s Wawa PSH, and the P5.46/kWh of Ahunan Power, Inc.’s Pakil PSH.
Since these are for ancillary services (AS) only and not for baseload running 24/7, the rates are expensive.
Then last Friday, July 4, the Power Sector Assets and Liabilities Management Corp. (PSALM) accepted bids for the privatization of the Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plants, which produce 797 MW. The Aboitiz Power (AP)-led Thunder Consortium won with an offer of P36.27 billion, higher than PSALM’s reservation value of P32.6 billion, and much higher than the offer of the second bidder, the FirstGen-led FWKG Consortium, of P19.62 billion.
The AP-led consortium still must undergo the post-bidding and qualification process before CBK can be awarded to them by PSALM. Because of this deal with AP and its partners in the consortium, next year the Department of Finance (DoF) will have P36 billion in new revenue without raising any taxes. Such proceeds will be used to retire some stranded debt of the National Power Corp.
But there are questions, including why Finance Secretary Ralph G. Recto’s earlier estimate of up to P50 billion was not reached. There were even insinuations made by the leftist and anti-capitalist group Bayan Muna that it was a “sweetheart deal” between AP and PSALM.
I think the main reason CBK did not get anything close to P50 billion is because GEA-3 technically downgraded it. The CBK plant is also used for PSH, and PSH is a crowded business with 6,100 MW already awarded at much higher rates than CBK’s roughly P2.80/kWh.
Among the uncertainties surrounding CBK are: first, while there is no pre-set tariff rate by ERC yet, GEA-3-awarded PSH have high guaranteed rates already; second, electricity prices at the Wholesale Electricity Spot Market are currently low, between P3-P4/kWh; third, the PSH field under GEA-3 is, as mentioned above, crowded; and, fourth, much will have to be spent to upgrade the old plants.
Mr. Recto’s estimates were made pre-GEA-3 while the PSALM reservation value of P32 billion was made post-GEA-3 and, hence, reflected new risks of the overcrowded PSH.
In short, PSALM and the DoF are still lucky to get P36 billion from AP and its partners. The anti-capitalist Bayan Muna is wrong to make any malicious insinuations.
PSALM is getting P8 billion a year from 2021-2025, or P40 billion over five years. I think this is meant to cover the debt of some electric cooperatives (ECs) in Mindanao that do not pay for the power they get from hydro plants operated by PSALM.
Many ECs are inefficient and wasteful; they stay afloat mainly because of the taxpayers’ subsidy to the National Electrification Administration (NEA) and it then sends the money to these inefficient ECs. Subsidies to the NEA came up to P5.65 billion in 2014, P6.28 billion in 2020, P4 billion last year, and P1.25 billion until May this year (see Table 2).
PSALM should privatize more hydro plants, especially in Mindanao, but many politicians and legislators there oppose this move. One way to convince them to agree would be to allocate to the island the interest payments avoided from NPC debt that otherwise would be borrowed. For instance, if the hydro plants in Mindanao would get, say, P200 billion, at an interest rate of 6.3% (government 10-year bonds), that comes up to P12.6 billion a year of avoided interest payments. This amount should be allocated as an additional budget for Mindanao.
Monday, July 28, 2025
Cambodia-Thailand war, and how it was quickly stopped
Thailand, Cambodia Agree To Ceasefire Following Trump's Diplomatic Pressure
Tyler Durden, JUL 28, 2025
https://www.zerohedge.com/geopolitical/thailand-cambodia-agree-ceasefire-following-trumps-diplomatic-pressure
BWorld 805, Expanding our GDP size and nuclear development
Expanding our GDP size and nuclear development
July 1, 2025 | 12:02 am
My Cup Of Liberty
By Bienvenido S. Oplas, Jr.
Last week, on June 26, the Energy Institute (UK) released its annual Statistical Review of World Energy (SRWE) 2025. This has been among my favorite databases and sources of Excel files for many years.
So, I start by comparing the power generation of major economies with large gross domestic product (GDP) size at purchasing power parity (PPP) values, which comes from the IMF World Economic Outlook (WEO) 2025 database.
The top five largest economies in the world in GDP size in 2024 were also the top five in power generation. In GDP size, China is 1.3 times larger than the US, 5.8 times larger than Japan, 6.4 times larger than Germany, 8.9 times larger than the UK, and 27.9 larger than the Philippines.
China’s electricity production in 2024 was two times larger than the US, 10 times larger than Japan, 20 times larger than Germany, 35 times larger than the UK, and 78 times larger than the Philippines. One way to look at it is that our total power generation in one year is equivalent to only five days generation in China. Notice also the declining trend in power generation of Japan, Germany, and the UK (see Table 1).
This is clear proof that energy is development. A bigger energy supply sustains more economic activities and business expansion. That is why our main goal in energy policies should be the continued expansion of power generation, regardless of where the power comes from — thermal or renewable, fossil fuels or intermittent sources.
From 2017 to 2023, the average increase in Philippine power generation was 4,200 gigawatt-hours (GWh) a year while Vietnam’s was 13,650 GWh a year. But from 2023 to 2024, the Philippines increased its power generation by 10,000 GWh while Vietnam grew by 27,000 GWh. This is the highest increase in a year that the Philippines has attained, and it largely explains why the Philippines’ GDP size has jumped from an average of $70 billion a year from 2017 to 2023 to $104 billion from 2023 to 2024. We need to keep expanding our power generation plus the necessary modernization in power transmission, distribution, and supply infrastructure.
Along with this policy and the passage of the PhilAtom bill in both Houses of Congress, I saw one good report the other day: “CSP could be waived for first nuclear project” (BusinessWorld, June 29).
There are many countries in the world that continue to use nuclear energy for the production of electricity, along with industrial, agricultural, and healthcare applications. Four of the top 10 nations when it comes to nuclear generation are Asian nations.
While Germany shut down all its nuclear plants in 2024 and Taiwan did the same this year, other countries are ramping up their nuclear generation led by China, South Korea, India, Japan, and the United Arab Emirates (UAE). The latter has had the most surprising expansion of its nuclear power capability, from none at all until 2019 to 40,600 GWh in 2024 (see Table 2).
Countries whose power mix in 2024 included at least 10,000 GWh from nuclear energy were Argentina, Brazil, Mexico, Belarus, Bulgaria, Hungary, Romania, and Slovakia. Other countries whose power mix included less than 8,000 GWh from nuclear generation in 2024 were Iran, the Netherlands, Slovenia, and South Africa.
Denuclearized and decarbonizing Germany has had a GDP performance of between -0.3% and zero over the past eight quarters (Q2 2023 to Q1 2025). Their expensive electricity — relying mainly on intermittent solar-wind plus costly battery — contributed to the trend towards degrowth and deindustrialization.
The Philippines’ shortest route to going nuclear is to refurbish and revive the Bataan Nuclear Power Plant — which can potentially produce 620 megawatts (MW) — and start its operation within four years. Otherwise, build new conventional nuclear plants of 600-1,200 MW. It would be better if both were done.
Meralco is the energy company that is most prepared to go nuclear. They have already sent Filipino scholars to study graduate-level nuclear engineering in at least five countries — the US, China, France, South Korea, and Japan, I think. Aboitiz Power has expressed early interest in going nuclear while San Miguel Global Power and Prime Energy, I think, have their own plans to go nuclear.
This could mean an abundant energy supply, stable and reliable running 24/7 at competitive prices even without taxpayers’ subsidy. We should go for this to help sustain our high GDP growth trajectory.














