Subscribe to our free daily newsletters
  Energy News  




Subscribe to our free daily newsletters



CIVIL NUCLEAR
Vietnam scraps huge nuclear power plant projects
by Staff Writers
Hanoi (AFP) Nov 22, 2016


Power-hungry Vietnam scrapped plans for two multi-billion dollar nuclear power plants on Tuesday, citing environmental and financial reasons after the cost of the projects skyrocketed.

The two plants in central Ninh Thuan province would have had a combined capacity of 4,000 megawatts and were to be developed with assistance from Russian state company 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 developers sought more advanced technology following Japan's 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.

Vietnam is grappling with a mounting budget deficit and has said it is likely to fall short of its ambitious growth target of 6.7 percent this year.

The government said it would spend money on other infrastructure projects instead and address climate change issues.

Though nuclear power does not produce harmful carbon emissions, environmentalists have raised concerns about nuclear waste storage.

Rapidly industrialising Vietnam, with its population of 93 million, has faced power shortages in recent years and turned to neighbouring countries like Laos to boost its energy reserves.

The government said scrapping the huge nuclear projects would not affect much-needed power supplies.

"The project suspension will not undermine the country's power supply security," it said.

The communist country relies mostly on coal and hydropower, but has said it wants to increase renewable energy production in the next 15 years.

Rosatom noted a "long-lasting" history of successful cooperation between Russia and Vietnam in the nuclear power industry.

"We respect our customer's position, and we are ready to provide the full support to Vietnam when the country continues the implementation of its national nuclear power program," the company said in a statement.


Comment on this article using your Disqus, Facebook, Google or Twitter login.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

.


Related Links
Nuclear Power News - Nuclear Science, Nuclear Technology
Powering The World in the 21st Century at Energy-Daily.com






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
CIVIL NUCLEAR
Breakthrough offers greater understanding of safe radioactive waste disposal
Manchester, UK (SPX) Nov 21, 2016
A group of scientists from The University of Manchester, the National Nuclear Laboratory (NNL) and the UK's synchrotron science facility, Diamond Light Source, has completed research into radioactively contaminated material to gain further understanding around the issue, crucial for the safe and more efficient completion of future decommissioning projects. Safely decommissioning the legacy ... read more


CIVIL NUCLEAR
Investing in the 'bioeconomy' could create jobs and reduce carbon emissions

Argonne researchers study how reflectivity of biofuel crops impacts climate

UNIST researchers turn waste gas into road-ready diesel fuel

NextCoal to produce bio-coal for export to Japan, bio-oil for domestic use

CIVIL NUCLEAR
Sweden to scrap taxes on solar energy in 2017

Africa looks to solar for communities off the grid

Tesla shareholders approve merger with SolarCity

New Jersey's NEP Solar secures major funding agreement

CIVIL NUCLEAR
Owl-inspired wing design reduces wind turbine noise by 10 decibels

DONG Energy sets wind energy sights on Taiwan

Interior set to rule on future of BLM's Renewable Energy Program

Microsoft Corp. taps deeper into wind power

CIVIL NUCLEAR
Climate: Four nations map course to carbon-free economies

Study: LED lights draw fewer insects

Shifting focus leaves mixed bag for German utility RWE

Deeper carbon cuts needed to avoid climate tragedy: UN

CIVIL NUCLEAR
EAST achieves longest steady-state H-mode pperations

First observations of tongue deformation of plasma

Battery cars a better choice for reducing emissions than fuel cells

Bottlebrush polymers make dielectric elastomers viable for use in devices

CIVIL NUCLEAR
Canada pressed to make clean environment a constitutional right

Study demonstrates potential support for ban on microbeads in cosmetics

New toxicology test could improve USDA, EPA chemical screening

Heavy pollution shuts schools in Iran's capital

CIVIL NUCLEAR
Where oil-rich Texas sees economic gains

Police respond to 'riots' at Dakota Access pipeline; protesters report tear gas

More oil coming from the North Sea

Putin sees few problems with freezing oil production

CIVIL NUCLEAR
ESA's new Mars orbiter prepares for first science

NASA field test focuses on science of lava terrains, like Early Mars

Can we grow potatoes on Mars

Dutch firm unveils concept space suit for Mars explorers




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement