Vietnam, Russia cooperate in nuclear power project

Vietnam will build its first nuclear power plant in cooperation with Russia's Rosatom Energy.

Vietnam Electricity is in the process of recruiting a foreign consultant to develop a feasibility study and site approval dossier of the Ninh Thuan 1 nuclear power project in accordance with the current regulations of Vietnam.

The power plant will be located in south-central Ninh Thuan province.

After these are completed by the consultant, they will have to go through an approval process by relevant Vietnamese authorities before Vietnam Electricity can proceed with negotiation of EPC contract with Russian EPC contractor.

Rosatom Nuclear Energy will provide state credit to the project, support Vietnam in human resource training, supply nuclear fuel on stable and long-term basis to the plant, and take care of spent fuel treatment.

“The Russian company issued $8 billion credit policy for Ninh Thuan 1 nuclear power project and the Vietnamese company is considering the technology and business research substantiation for the construction, which will be completed in next January,” said Kardo-Sysoev Alexander, senior specialist of the trade representation of the Russia of Russian Federation in Vietnam.

Construction of Ninh Thuan 1 nuclear power project is scheduled by the end of 2014, with commercial operation of the first unit to begin before the end of 2020.

Ninh Thuan 1 includes two units with total capacity of 2,000 megawatts. The first unit, with capacity of 1,000 megawatts, will be put into the operation in 2020 and second unit will be completed one year later.

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