Rosatom signs framework deal for construction of Vietnam’s first nuclear power facility

3 August 2015 (Last Updated August 3rd, 2015 18:30)

An engineering subsidiary under Russia's Rosatom, NIAEP-ASE United Company has signed a master framework agreement with the state-owned Electricity of Vietnam (EVN) in Hanoi for implementing the first phase of construction of the Ninh Thuan-1 nuclear power plant.

An engineering subsidiary under Russia’s Rosatom, NIAEP-ASE United Company has signed a master framework agreement with the state-owned Electricity of Vietnam (EVN) in Hanoi for implementing the first phase of construction of the Ninh Thuan-1 nuclear power plant.

The nuclear facility will be the first in Vietnam and will house two units, each having a capacity to generate 1.2GW of atomic power.

ASE-NIAEP-AEP general director Valery Limarenko was quoted by World Nuclear News as stating: "We and our Vietnamese partners are confident that the Russian nuclear power plant project under development will be the most efficient generation facility in the country and will meet all international safety requirements and quality standards."

"[We] are confident that the Russian nuclear power plant project under development will be the most efficient generation facility in the country."

An agreement for setting-up of the nuclear facility in Vietnam had been signed by Russia in October 2010, and Russian state-funded television network RT reported that construction was originally expected to start from 2020.

However, Vietnam is yet to receive the $8bn loan from Russia to finance the project, reports Sputnik News.

State-owned nuclear firm Rosatom, which intends to involve Vietnamese companies in the project, is likely to localise between 30% and 40% of its equipment manufacturing and construction.

Vietnam selected Rosatom’s AES-2006 design for the facility, which is located at Phuoc Dinh in the Thuan Nam district of the Ninh Thuan province of the country.

Vietnam intends to triple its power generation capacity in the next 15 years, aiming to generate 15GW of power from nuclear resources, to account for nearly 10% of the country’s entire energy mix.

Thirteen nuclear power units are expected to be built and commissioned in the Vietnamese capital of Hanoi within 2030.