On November 30th, the National Assembly approved the Resolution of the 8th Session of the 15th National Assembly, agreeing to continue with the investment policy for the Ninh Thuan nuclear power project as proposed in Government Report No. 811/TTr-CP dated November 25th, 2024.
The National Assembly requested that the Government urgently direct the allocation of resources for implementation in accordance with the conclusions of the competent authorities, and study the amendment and supplementation of related laws, including the Law on Atomic Energy.
National Assembly agrees to restart the Ninh Thuan nuclear power project (Illustrative image)
Regarding the policy on nuclear power development, according to the amended Law on Electricity, the planning of nuclear power development must be closely linked and consistent with power development planning to ensure the goal of secure electricity supply.
The amended Law on Electricity also stipulates that the State has a monopoly on investment, construction, and operation of nuclear power plants.
Previously, on November 27th, Deputy Prime Minister Nguyen Hoa Binh, on behalf of the Prime Minister, presented a report on the continuation of the investment policy for the Ninh Thuan nuclear power project.
According to the Deputy Prime Minister, nuclear power is receiving increasing attention and continues to develop in many countries in the context of combating climate change, fulfilling commitments to reduce greenhouse gas emissions, and ensuring energy security.
As of the end of August 2024, there were 415 nuclear power reactors in operation worldwide, with a total installed capacity of 373,735 MWe, and 62 reactors under construction with a total capacity of about 64,971 MWe. In addition to the 32 countries that own and operate nuclear power plants, 20 other nations are considering developing nuclear power to meet energy needs and materialize climate commitments.
Meanwhile, Vietnam’s electricity consumption is expected to continue to increase. The current total capacity of the power system is about 80 GW, requiring an additional 70 GW by 2030 and 400-500 GW by 2050.
“Developing nuclear power in Vietnam has many benefits, such as diversifying the electricity supply, ensuring energy security, and fulfilling the dual task of providing baseload power while protecting the environment,” said Deputy Prime Minister Nguyen Hoa Binh.
National Assembly delegates vote to approve the Resolution
Additionally, the average production cost of nuclear power can be competitive with other traditional sources. Developing nuclear power will contribute to the development of high-quality human resources, enhance the country’s scientific and technological potential, and enable participation in the nuclear power industry supply chain.
In 2009, in accordance with the National Assembly’s Resolution, the Government assigned the Vietnam Electricity Group (EVN) as the investor for the projects and cooperated with Russia (Ninh Thuan 1 Project) and Japan (Ninh Thuan 2 Project) to carry out investment preparation work.
The selected sites were thoroughly surveyed and evaluated by domestic and foreign consultants and were deemed the best locations, meeting the stringent international criteria for building nuclear power plants in Vietnam.
Using the previously studied sites for the development of nuclear power in the coming period will be advantageous, saving time and costs in researching, surveying, and selecting locations.
“Restarting the Ninh Thuan nuclear power project is necessary, well-founded, and meets practical requirements,” the Government’s report emphasized.
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