{"id":328692,"date":"2024-08-01T01:05:11","date_gmt":"2024-07-31T17:05:11","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=328692"},"modified":"2024-08-01T01:09:19","modified_gmt":"2024-07-31T17:09:19","slug":"free-trade-the-news-mer-eyes-larger-nuclear-energy-deployment","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/free-trade-the-news-mer-eyes-larger-nuclear-energy-deployment\/","title":{"rendered":"Trade the News: MER eyes larger nuclear energy deployment – FREE Report!"},"content":{"rendered":"\n

NOTE: This is a Premium-exclusive stock report, originally for our Premium Access members, but we’re giving this to you free! To view other FREE stock reports<\/strong><\/a>, just click here. To get full access to all Premium-exclusive reports, simply upgrade to Premium Access<\/strong><\/a> <\/span>today for as low as P399.00 a month!<\/em><\/em><\/p>\n\n\n\n

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Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>Manila Electric Co. (Meralco)<\/td><\/tr>
Stock Code<\/strong><\/td>MER<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Hold<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 351.25<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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MER is exploring the possibility of deploying both small modular reactors (SMRs) and conventional nuclear reactors to help meet the government\u2019s target of generating 1,200 megawatts (MW) of nuclear energy by 2032, a company official said.<\/p>\n\n\n\n

\u201cIf the government has this plan to have 1,200 megawatts of nuclear (energy) by 2032, micro-modular (reactor) is not enough. We need to look into SMR and maybe conventional nuclear,\u201d Meralco Executive Vice-President and Chief Operating Officer Ronnie L. Aperocho said during a briefing on Monday.<\/p>\n\n\n\n

Under the Clean Energy Scenario of the Department of Energy\u2019s Philippine Energy Plan for 2030-2050, nuclear energy is projected to have an installed capacity of 1,200 MW by 2032, 2,400 MW by 2035, and 4,800 MW by 2050.<\/p>\n\n\n\n

\u201cWe think that nuclear power plant is part of that infrastructure for us to really address the power problems in the country,\u201d Mr. Aperocho said.<\/p>\n\n\n\n

Mr. Aperocho said that the company is seeking to meet \u201ca lot of leading players in the nuclear energy industry\u201d in the United States, Canada, and South Korea to explore partnerships.<\/p>\n\n\n\n

Meralco First Vice-President and Head of Networks Froilan J. Savet said that some company officials will travel to Ontario, Canada, to sign a memorandum of understanding (MoU) for sending scholars to study nuclear engineering.<\/p>\n\n\n\n

\u201cAs part of that trip also, we are going to Illinois to sign an MoU with the University of Illinois because we\u2019re going to send two scholars on nuclear engineering,\u201d he said.<\/p>\n\n\n\n

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Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1236],"tags":[],"class_list":["post-328692","post","type-post","status-publish","format-standard","hentry","category-free-reports","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=328692"}],"version-history":[{"count":2,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328692\/revisions"}],"predecessor-version":[{"id":328699,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/328692\/revisions\/328699"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=328692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=328692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=328692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}