MANILA, Nov. 2 (Xinhua) -- South Korean conglomerate DL Group's subsidiary, DL E&C, has been partnering with the Philippines' largest private-sector electric distribution utility company, Meralco, to pursue small modular reactor (SMR) projects in the Philippines, the Philippine Presidential Communications Office (PCO) said Sunday.
A feasibility study was launched in August for a 320-megawatt SMR in the near term, said the PCO in a news release.
SMRs are compact nuclear plants that can safely produce clean, stable energy using less land and shorter construction periods than traditional facilities.
On Saturday, Philippine President Ferdinand Romualdez Marcos met with top officials of DL Group in Busan, South Korea, on the sidelines of the 32nd APEC Economic Leaders' Meeting to discuss the company's energy prospects and other ventures in the Philippines.
DL Group, with core businesses in construction, petrochemicals, and energy, was founded in 1939. ■
