Lightbridge Corporation (LTBR)

[russshackleford]

Rosatom signs framework deal for construction of Vietnam’s first nuclear power facility
4 August 2015

An engineering subsidiary under Russia's Rosatom, NIAEP-ASE United Company has signed a master framework agreement with the state-owned Electricity of Vietnam (EVN) in Hanoi for implementing the first phase of construction of the Ninh Thuan-1 nuclear power plant.

The nuclear facility will be the first in Vietnam and will house two units, each having a capacity to generate 1.2GW of atomic power.

Vietnam selected Rosatom's AES-2006 design for the facility, which is located at Phuoc Dinh in the Thuan Nam district of the Ninh Thuan province of the country.

Vietnam intends to triple its power generation capacity in the next 15 years, aiming to generate 15GW of power from nuclear resources, to account for nearly 10% of the country's entire energy mix.

http://www.power-technology.com/news/newsrosatom-signs-framework-deal-for-construction-of-vietnams-first-nuclear-power-facility-4638393