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Vietnam abandons plans to construct 4,000MW nuclear power plants

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Staff Writer | November 11, 2016
The Vietnamese government has abandoned plans to construct the country’s nuclear power plants, citing cheaper energy alternatives and slowing power demand.
Vietnam nuclear
Nuclear energy   A combined capacity of 4,000MW
The state-controlled Tuoi Tre newspaper reported the National Assembly will give its approval for the decision later this month.

Approval for building two nuclear power plants with a combined capacity of 4,000MW was given by the assembly in 2009.

While a contract to construct the first plant was awarded to Russian companies, the contract for the second plant was secured by Japanese companies, Associated Press reported.

The construction, which was initially scheduled to begin in 2014, was postponed to 2020.

State-run Electricity of Vietnam Group head Duong Quang Thanh was quoted by Tuoi Tre as saying that the nuclear power are economically viable due to availability of other cheaper energy sources.

Thanh said the government’s power demand growth projection was revised to 11% for 2016-2020 and 7-8% in 2021-2030 compared to 17-20% per year in 2009, when the plants were approved.