Replies to post #236 on VanEck Vectors Uranium Plus Nuclear Energy ETF (NLR)

[3xBuBu]

South Korea announces four more nuclear reactors to be built

http://uk.reuters.com/article/2014/11/21/uk-nuclear-southkorea-idUKKCN0J50LY20141121

South Korea said on Friday it will start to construct two new nuclear power plants in 2017 at the earliest and another two by 2022, making a total of 11 new nuclear plants planned by 2024.

The Office for Prime Minister's Secretariat and energy ministry said the government agreed with the county of Uljin to add Shin Hanul No.3 and No.4 nuclear plants by 2022.

Another statement from the government offices said the county of Yeongdeok had agreed to have two plants by 2012.

As compensation for the nuclear power plants, the government via reactor operator Korea Hydro and Nuclear Power Co Ltd will provide a total of 1.5 trillion Korean won (1.35 billion US dollar) to Yeongdeok for 60 years, and 280 billion won to Uljin to improve the services like roads, schools and hospitals in the remote communities, the statements noted.

Korea Hydro and Nuclear Power, is fully owned by state-run Korea Electric Power Corp.

[3xBuBu]

Vietnamese officials have chosen Rosatom's AES-2006 design for the country's first nuclear power plant at Ninh Thuan, increasing the planned capacity of the four unit plant by about 800 MWe. A second plant should follow based on a partnership with Japan.

http://www.world-nuclear-news.org/NN-Vietnam-upgrades-reactor-choice-2111141.html

The choice of Russian technology for Ninh Thuan 1 at Phuoc Dinh has now been made, and Atomproekt based in Saint Petersburg will supply its version of the AES-2006 plant for at least the first two units. This design produces 1200 MWe for transmission over the grid and its replacement of the VVER-1000 units previously planned would add about 800 MWe to Ninh Thuan's future generating capacity across four units.

The reactors are to be built over 2017-23 as a turnkey project. Russia's Ministry of Finance is prepared to finance at least 85% of this first plant, to supply the nuclear fuel and take back the used fuel for the life of the plant. These details were explained to delegates at the Atomex Asia conference organised by Rosatom on 19-20 November in Ho Chi Minh City.


The Ninh Thuan 2 plant at Vinh Hai, on Cam Ranh Bay about 20 kilometres northeast of Phouc Dinh, is to be developed under a partnership with Japan and consideration of possible technology options is ongoing.