Viet­nam scraps nuke power plant projects

Kuwait Times - - INTERNATIONAL -

Power-hun­gry Viet­nam scrapped plans for two multi-bil­lion dol­lar nu­clear power plants yes­ter­day, cit­ing en­vi­ron­men­tal and fi­nan­cial rea­sons af­ter the cost of the projects sky­rock­eted. The two plants in cen­tral Ninh Thuan prov­ince had a com­bined ca­pac­ity of 4,000 megawatts and were to be de­vel­oped with as­sis­tance from Rus­sia’s Rosatom and the Ja­panese con­sor­tium JINED. The cost of the nu­clear power plants, slated to be the first in South­east Asia, dou­bled since they were first tabled in 2009 to an es­ti­mated $18 bil­lion, of­fi­cials said ear­lier. The govern­ment said costs mush­roomed as they sought more ad­vanced tech­nol­ogy fol­low­ing Ja­pan’s deadly Fukushima nu­clear dis­as­ter in 2011. “The project was sus­pended not due to tech­no­log­i­cal rea­sons, but the coun­try’s cur­rent eco­nomic sit­u­a­tion,” the govern­ment said on its web­site.

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