Listen Live
    Models of nuclear reactors BREST and MBIR at Rosatom's stand at the 11th National Forum and Exhibition Goszakaz - 2015

    Russia, Vietnam Sign Agreement on Construction of Nuclear Plant

    © Sputnik / Vitaliy Belousov
    Business
    Get short URL
    0 104
    Subscribe

    NIAEP-ASE United Company (part of Russia's Rosatom state nuclear corporation) and Electricity of Vietnam (EVN) signed a Master Framework Agreement in Hanoi for the implementation of the first phase of construction of the Ninh Thuan-1 nuclear power plant, the press service of the Russian company said Monday.

    MOSCOW (Sputnik) The first nuclear power plant in Vietnam will have two energy units, each with a capacity of 1.2 GW. Russia and Vietnam signed an agreement on the construction of the nuclear power plant in October 2010. Vietnam is due to receive a state loan of $8 billion from Russia to finance the project.

    Rosatom intends actively engaging Vietnamese businesses in the project, localizing 30-40 percent of equipment manufacturing and construction.

    Hanoi plans to build and bring on stream 13 nuclear power units by 2030 in a move to generate 15 GW of nuclear power capacity, or about 10 percent of the country's total electricity production.

    Related:

    Alarm Spreads Over Meltdown at French Nuclear Plant
    Cairo Says Russia’s Rosatom Submits Bid to Build Egypt’s Nuclear Plant
    Slovakia Looking to Russia for Nuclear Power Plant Modernization
    Tags:
    nuclear plant, Rosatom, Russia, Vietnam
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik