{"id":329962,"date":"2024-10-17T01:04:13","date_gmt":"2024-10-16T17:04:13","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=329962"},"modified":"2024-10-17T01:04:16","modified_gmt":"2024-10-16T17:04:16","slug":"trade-the-news-mer-samsung-partner-for-nuclear-energy-initiative","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-mer-samsung-partner-for-nuclear-energy-initiative\/","title":{"rendered":"Trade the News: MER, Samsung partner for nuclear energy initiative"},"content":{"rendered":"\n
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 463.11<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

MANILA Electric Co. (Meralco) and South Korea\u2019s Samsung C&T Corporation Engineering & Construction Group have entered into a partnership to advance the adoption of nuclear energy projects in the Philippines, supporting the government\u2019s long-term goals for energy security.<\/p>\n\n\n\n

Under the memorandum of understanding (MoU), the two companies will discuss the technical design and capabilities of nuclear technology, as well as the prevailing regulatory framework, energy landscape, and necessary grid infrastructure, Meralco said in a statement on Monday.<\/p>\n\n\n\n

\u201cThrough this MoU, Meralco stands to gain a comprehensive understanding of the critical aspects of nuclear energy development that will ensure that our future decisions are well-informed and aligned with international best practices,\u201d said Ronnie L. Aperocho, Meralco\u2019s executive vice-president and chief operating officer.<\/p>\n\n\n\n

\u201cThis aligns well with Meralco\u2019s continuous efforts to work with global knowledge and technology partners to help us in our transition towards more diversified and sustainable energy sources,\u201d he added.<\/p>\n\n\n\n

With the execution of the agreement, Samsung C&T plans to actively engage in the construction of large nuclear power plant projects and small modular reactor projects in the Philippines, Meralco said.<\/p>\n\n\n\n

Manuel V. Pangilinan, chairman and chief executive officer of Meralco, said that the company\u2019s collaboration with Samsung C&T is a \u201cstrategic move that cements its commitment\u201d to contributing to the government\u2019s efforts to integrate nuclear energy into the power supply mix.<\/p>\n\n\n\n

\u201cAs we collectively work on the safe and secure adoption of this next-generation technology, we remain focused on our ultimate goal of ensuring energy security and achieving sustainable and inclusive growth in the Philippines,\u201d Mr. Pangilinan said.<\/p>\n\n\n\n

The government aims to have commercially operational nuclear power plants with a capacity of at least 1,200 megawatts (MW) by 2032 and 2,400 MW by 2040.<\/p>\n\n\n\n

Meralco\u2019s partnership with Samsung C&T follows the recent announcement of collaboration between the Philippines and South Korea to conduct a feasibility study on the revival of the mothballed Bataan Nuclear Power Plant (BNPP).<\/p>\n\n\n\n

Last week, the company said it has also inked an MoU with Doosan Enerbility Co., Ltd., another South Korean firm, to explore collaborations on developing low-carbon energy projects in the Philippines, including the rehabilitation of the BNPP.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

<\/div>\n\n\n\n

This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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":[1371],"tags":[],"class_list":["post-329962","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","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\/329962","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=329962"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329962\/revisions"}],"predecessor-version":[{"id":329964,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/329962\/revisions\/329964"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=329962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=329962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=329962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}