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The Vietnam News

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[Year 2002]

Vietnam closer to first commercial nuclear plant

HANOI - Vietnam has moved one step closer to building its first commercial nuclear power plant after the government's approval of a recent pre-feasibility study. According to the study, the plant could begin supplying nuclear-generated electricity to the national power network as early as 2017.

The report also addressed safety issues for the nuclear power plant, which are a major concern. Scientists assure the public that current advanced technologies are safe. According to studies by the Vietnam Atomic Energy Institute and Ministry of Industry, the plant optimally would have a capacity between 1,200 and 4,000 megawatts. A comparable plant with a 1,000MW capacity would cost between US$1.5 billion and $2 billion in initial investments. Officials expect the country that supplies the technology will also provide the necessary loans to finance the project. Despite the extraordinary investment requirements, scientists believe the nuclear power plant can compete successfully with existing electricity plants fired by imported coal.

Experience dictates that, for countries that must import fuel sources to generate electricity, such as Japan and South Korea, nuclear-generated electricity is usually the cheapest alternative. Nuclear energy is not a foreign concept to Vietnam, since the country has safely and effectively operated a nuclear facility in Da Lat in the Tay Nguyen (Central Highlands) for the past 20 years, albeit for research purposes. Currently, scientists are evaluating 20 possible construction locations within the central coast region, with a heavy focus on safety and economic criteria.

For safety requirements, the designated site should not be earthquake-prone or in proximity to volcanoes, and must be situated above sea level. In terms of economics, the facility should be built in close proximity to the national electricity network and adjacent to localities that consume electricity to minimize losses in transmittance. Ideally, the site will also be near a seaport, so materials can be easily transported.

Six locations have been shortlisted so far, including two sites in Quang Binh and Phu Yen provinces, two in Binh Thuan province, and another two in Ninh Thuan province.

Vietnam News Agency - May 24, 2002.