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Vietnam getting cold feet about the cost of nuclear power development

Vietnam looks to delay Japan-, Russia-backed nuclear plants amid funds crunch, Japan Times, 6 Nov 16 KYODO  Vietnam’s ruling Communist Party in October instructed government authorities to revise plans to build nuclear power plants with Russian and Japanese assistance with a view to delaying them due to the government’s tight finances, it was learned Sunday from party and government sources.

The government is now working on a comprehensive revision of the plan and intends to submit a report to the National Assembly, according to the sources.

According to one of the sources, a considerable investment at the present time is “extremely difficult” given the financial situation of the government…….

some members of the Communist Party’s new leadership selected at a party congress in January have expressed concern over nuclear power plant construction while public debt remains high as well as over the safety of nuclear power.

At the fourth plenum of the 12th Party Central Committee in October, agreement was reached to reconsider the plan with a view to its postponement……http://www.japantimes.co.jp/news/2016/11/07/business/vietnam-looks-delay-japan-russia-backed-nuclear-plants-amid-funds-crunch/#.WB_SydJ97Gg

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November 6, 2016 - Posted by | business and costs, politics, Vietnam

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