The Manila Electric Company (Meralco) the signed an MOU with Korea Hydro & Nuclear Power (KHNP) and the Export-Import Bank of Korea (KEXIM) to support its Nuclear Energy Strategic Transition programme.

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Under the terms of the MOU, the three parties will collaborate on reactor design and engineering, exchange technical and regulatory information, and strengthen local nuclear legal and institutional frameworks. The agreement also covers training programmes, employee exchanges, and knowledge-sharing initiatives to build local technical capability and support long-term operational readiness. Early stage project development, including public acceptance initiatives, project planning, and site selection studies, will also be explored.

Meralco, KHNP, and KEXIM will coordinate on business and financial modelling for future nuclear projects, with KEXIM reviewing potential financing structures and credit facilities for ventures involving KHNP and other Korean enterprises.