Vietnam's Nuclear Ambitions Advance With Rosatom Contract for Ninh Thuan 1 Plant
Vietnam's nuclear power ambitions have taken a significant step forward with the signing of a cooperation contract for the Ninh Thuan 1 nuclear power plant. Rosatom, the Russian state nuclear energy corporation, has been awarded the contract, with the plant scheduled to start operation in early 2023.
The agreement builds on earlier initiatives to revive Vietnam's first nuclear power plant project. In January, Russian Prime Minister Mikhail Mishustin's visit to Vietnam injected fresh momentum into the project. The contract was signed on September 27 in Moscow.
The collaboration between Rosatom Energy International JSC (REIN JSC) and Power Engineering Consulting JSC 2 (PECC2) was formalised on September 26 at the World Atomic Week forum in Moscow. The Memorandum of Understanding (MoU) covers a wide range of areas, including updating the plant's feasibility study and site profile, grid infrastructure development, logistics, specialist training, and related aspects.
PECC2, a subsidiary of Vietnam Electricity (EVN), played a crucial role in the initial feasibility study for the Ninh Thuan 1 Nuclear Power Plant between 2011 and 2015. The government is now discussing mechanisms to expedite the operationalisation of nuclear power in Vietnam by the end of this decade. An interdepartmental roadmap signed in May between Rosatom and Vietnam outlines the development of nuclear technologies through 2030. REIN JSC, a subsidiary of Rosatom State Corporation, will oversee the construction and operations of the plant through equity ownership.
Rosatom is set to provide its advanced VVER-1200 Generation 3+ reactor technology for the Ninh Thuan 1 Nuclear Power Plant, ensuring it meets international safety standards. With this agreement, Vietnam edges closer to its goal of integrating nuclear power into its energy mix sooner than typical undertakings of this type.
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