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Oil Rises After Choppy Start To The Week

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Oil prices rose by roughly…

Chevron And Occidental Join Bill Gates Backed Tech Company

Chevron And Occidental Join Bill Gates Backed Tech Company

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Japan Offers Consultant Services for Vietnamese Nuclear Power Plant

Electricity of Vietnam Group and Japan Atomic Power Company on 28 September signed a contract in the capital Hanoi for JAPC to consult on the construction of Vietnam’s first nuclear power plant, the Ninh Thuan 2 facility in Vietnam’s Ninh Hai district of the country’s central Ninh Thuan province.

Under terms of the contract, JAPC will advise investor EVN on Ninh Thuan 2 plant project for  18 months.  The $19 million consultancy is being funded by the Japanese government and disbursed by the Japanese Ministry of Economics, Trade and Industry, Vietnam Plus news agency reported.

At the contract signing ceremony EVN General Director, Pham Le Thanh said that Japan has up to now financed more than $4 billion for EVN energy projects, adding that since 1996 Japan has actively supported Vietnam in supplying information, training and public relations in the field of nuclear power.

The Ninh Thuan 2 nuclear power plant will be Vietnam’s first nuclear power project, coming under Vietnam’s National Electricity Development 2011-2020. As envisaged, the Ninh Thuan 2 nuclear power plant will have an annual electrical generating capacity of nearly 2,000 megawatts.

The Ninh Thuan 2 nuclear power plant is Japan's most aggressive move to promote nuclear technology exports since the11 March  Fukushima Daiichi accident.

By. Joao Peixe, Deputy Editor OilPrice.com



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