Philippines, UAE sign MOU on renewable and nuclear energy cooperation

The Philippines and the United Arab Emirates (UAE) have signed a Memorandum of Understanding (MOU) to deepen cooperation on renewable and nuclear energy during President Ferdinand R. Marcos Jr.'s working visit last month.

The MOU covers collaboration in renewable energy, liquefied natural gas as a transition fuel, power generation, transmission systems, nuclear energy, energy efficiency, conservation, and alternative fuels.

Energy Secretary Raphael Lotilla highlighted that the partnership aims to attract investments in energy infrastructure, generate jobs, enhance local expertise through technology transfer, and support a robust energy ecosystem.

An Implementation Agreement with a UAE state-owned company is expected to be signed by January 2025, further advancing the country's transition to cleaner energy sources.

To operationalize this MOU, an implementation agreement with a UAE state-owned firm will be finalized in January, as announced by Energy Secretary Lotilla.