Vietnam will receive a $8bn loan from Russia to build its first nuclear power plant in Ninh Thuan.
Russia’s Rosatom will build the 2,000MW Ninh Thuan 1 plant, which will be equipped with two advanced light water reactors.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Work is expected to begin in 2014 and be complete by 2020.
The Russian consortium also signed a contract with Vietnam Electricity Group to provide consulting services to develop a site approval dossier and feasibility study for the plant, funded by the government.
Last year, Vietnam said it will build 13 nuclear reactors in eight separate plants with a combined capacity of 15,000MW by 2030.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
