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The Philippines and Australia are exploring the possibility of putting-up a thorium-powered nuclear reactor plant as part of the sustainable energy diversification plans of the government.
The project, once operational, can also produce by-products like green hydrogen for transport, desalinated water and gamma radiation that can be utilized for long term storage of food products. The power project is expected to generate at least 1,000 local jobs during its construction and operation. He cited the Philippines’ policies on foreign ownership for RE projects, which were recently relaxed to promote the sector.
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