Russia has been chosen as a partner in the construction of Vietnam's first nuclear power plant to be built in the country's Southern province of Ninh Thuan. Plans are for construction of the 1900MW plant to begin in 2014, with operation to commence in 2020.
Vietnamese media director of the Institute of Atomic Energy, Vyong Huu Tan said that the decision on cooperation with Russia was made after thorough discussions with all project stakeholders.
Key factors in the choice of Russian technology are Rosatom’s range of integrated services, which range from construction to waste management, its competitive pricing, and construction experience.
Sergey Kondratiev, a senior expert of the Foundation Institute for Energy and Finance says: "In Vietnam, Russia managed to circumvent the Japanese and Korean companies, which in recent years, launched an active expansion into Asian markets. This contributed to the competitive price offered by Russian companies”
“The presence of significant experience in the construction of nuclear power plants abroad (in contrast from Korean companies that are just beginning to enter this market) was also a factor“
The National Assembly of Vietnam approved a plan build the country's first nuclear power plant in November 2009.
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