Vietnam refused to build nuclear power plant with Russia, hoping for falling oil prices


According to Japanese agency Kyodonews, Vietnamese authorities decided not to build nuclear power plants of Russian design.

Hanoi hopes to take advantage of time-tested sources of energy, the cost of which is now reduced.

Oil and coal are much cheaper now than at the time when the decision to build a nuclear power plant was made,” said the head of board of directors of Vietnam Electricity Duong Quang Thanh.

According to him, the economic slowdown has reduced demand for electricity.

Besides Russian State Atomic Energy Corporation “Rosatom”, there was also a Japanese partner in the project, which would be the first nuclear power plant in Vietnam.

It was noted that the official refusal might be reported on November 23.

Source: Rosbalt