China Guangdong Nuclear Power Group (CGNPG) has signed a letter of intent (LoI) with Vietnam to help construct its first nuclear power project. The plant will be situated in Ninh Thuan, a southern coastal province in Vietnam, and it will have two 1,000MW reactors.
Although Vietnam has no nuclear power plants, it intends to establish nuclear power projects with total generation capacity of 4,000 MW by 2021.
Vietnam has conducted a feasibility study, and will submit its report to its congress for approval.
China faces competition from companies in other countries, including Japan, for this project, added the official.