Russia and Vietnam signed an inter-governmental agreement on cooperation in construction of the Ninh Thuan 1 nuclear power plant in Vietnam, Russia’s state nuclear energy corporation Rosatom said on Monday.
Vietnam needs to secure more electric power as it has faced major power blackouts because demand from its huge industrial sector and expanding middle class often outpaces supplies, strained by more frequent extreme weather, including droughts and typhoons.
The project is part of Vietnam’s strategy to boost power generation capacity.
Rosatom, the world’s leading nuclear power plant builder, said the agreement outlines the terms and main areas of cooperation between the parties in implementing the construction project. No detail on cost was specified.
It foresees construction of two Russian-designed power units with a combined capacity of 2,400 megawatts (MW).
