Korea in line to develop 4 Vietnamese nuclear plants

Korea and Vietnam will start a one-year feasibility study as early as next month for the construction of a Korean-developed nuclear power plant.

Upon completion of the study and approval from the Vietnamese parliament, an official deal will be signed.

This is a consequence of the pact signed between South Korean President Lee Myung-bak and Vietnamese Prime Minister Nguyen Tan Dung for additional cooperation to develop nuclear power plants in Vietnam for peaceful purposes.

The pact signed named Korea as the preferred bidder to build a nuclear power plant in Vietnam worth US$20 billion.

This was announced by Korea's Ministry of Knowledge Economy.

Vietnam plans to build 10 nuclear power plants with 1 million kW capacity by 2030. Russia won the order for the first two plants and is close to breaking ground, while Japan is carrying out feasibility studies for the third and fourth plants. With the latest agreement, Korea seems to stand a good chance to win the bid for the remaining four. Vietnam plans to place additional orders by 2015.

For the source of this story, clicke here.

Also Read

How Vietnam can unleash its offshore wind potential

Carbon market for Asia-Pacific region pushed

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit