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Russia, Vietnam to sign nuclear power plant construction deal

Other News Materials 31 October 2010 04:32 (UTC +04:00)
A deal on the construction of Vietnam's first nuclear power plant will be signed during Russian President Dmitry Medvedev's visit to Hanoi, an aide to the Russian leader said.
Russia, Vietnam to sign nuclear power plant construction deal

A deal on the construction of Vietnam's first nuclear power plant will be signed during Russian President Dmitry Medvedev's visit to Hanoi, an aide to the Russian leader said.

Medvedev arrived to Hanoi on Saturday to attend the Russia-ASEAN summit in Vietnam, RIA Novosti reported.

"Among the most important documents [to be signed] is an inter-governmental agreement on cooperation in building a nuclear power plant in Vietnam," Sergei Prikhodko said ahead of the visit.

Vietnam plans to build eight nuclear power plants in five provinces by 2030, with a total capacity of 15 GW, or 10% of all electricity produced in the country. Each NPP would have from four to six generating units.

In December 2009, the heads of Russia's state-run nuclear corporation Rosatom and Vietnam's electricity corporation EVN, Sergei Kiriyenko and Pham Le Thanh, signed a memo of understanding to assist Vietnam in building its first nuclear power plant, with a capacity of 1GW.

Moscow pledged to provide Vietam with a loan for the construction.

During the Russian leader's visit, a memorandum of understanding between Russian energy ministry and Vietnam's industry ministry will also be signed. The document says that Russian-British joint venture TNK-BP will buy BP's assets in Vietnam. The deal is estimated at $1.8 billion.

The document is similar to the memorandum signed during Venezuelan President Hugo Chavez' visit to Russia earlier this month.

"The memorandum contains no details of the deal, it only expresses political support on behalf of the two countries' authorities," Prikhodko said.

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