Trade the News: MER eyes larger nuclear energy deployment – FREE Report!

Stock report by: AP Securities
Category: FREE Reports

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, just click here. To get full access to all Premium-exclusive reports, simply upgrade to Premium Access today for as low as P399.00 a month!

Potential Impact of this NewsPOSITIVE on the stock price
CompanyManila Electric Co. (Meralco)
Stock CodeMER
Long-term Recommendation on the StockHold
1-Year Target PricePHP 351.25

MER is exploring the possibility of deploying both small modular reactors (SMRs) and conventional nuclear reactors to help meet the government’s target of generating 1,200 megawatts (MW) of nuclear energy by 2032, a company official said.

“If 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,” Meralco Executive Vice-President and Chief Operating Officer Ronnie L. Aperocho said during a briefing on Monday.

Under the Clean Energy Scenario of the Department of Energy’s 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.

“We think that nuclear power plant is part of that infrastructure for us to really address the power problems in the country,” Mr. Aperocho said.

Mr. Aperocho said that the company is seeking to meet “a lot of leading players in the nuclear energy industry” in the United States, Canada, and South Korea to explore partnerships.

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.

“As part of that trip also, we are going to Illinois to sign an MoU with the University of Illinois because we’re going to send two scholars on nuclear engineering,” he said.


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, just click here. To get full access to all Premium-exclusive reports, simply upgrade to Premium Access today for as low as P399.00 a month!

This report is prepared by PinoyInvestor’s partner broker below. Find out more about our partner brokers and sign up to avail their complete trading brokerage services.

AP Securities

AP Securities

AP Securities, Inc. (formerly Angping & Associates Securities, Inc.) was established in November 1989 and has since grown dramatically rising to the 4th spot among the Philippine Stock Exchange (PSE) broker rankings. Learn more about them here.
🔥 TRADE THE NEWS 🔥
Most Recent Special Reports
Latest PSE Outlook Reports
Most Recent Technical Analyses
Latest Company Analyses