The Government of Vietnam has decided to scrap plans to build the country’s first two nuclear power plants in Ninh Thuan province, which were estimated to meet 3-4% of the country’s total electricity demand.
The Government justified its decision by a demand for electricity which is foreseen to slow down from a growth rate of 11% over the 2016-2020 period to 7-8% over the 2021-2030 period. In addition, the Government mentioned that the price of nuclear power was not competitive against other sources such as coal or oil. As a consequence, no nuclear power plant has been included the new power plan to 2030 which has just been approved by the Prime Minister. The Government ensure there will be no power shortage in the near future.
The 4 GW Ninh Thuan nuclear power plant project was approved in 2009 for a total cost estimated at US$10bn. Construction of Phase-1 of the project was initially planned to start in 2014, with technical assistance from Russia’s company Rosatom, for commissioning in 2020. Construction of the Phase-2 was attributed to a Japanese consortium.
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