Lightbridge Corp has become the first US company to work with the Vietnam Agency for Radiation and Nuclear Safety - VARANS- following their signing of a memorandum of understanding to develop the administrative, legal and regulatory infrastructure required to support Vietnam's nuclear power program.
Citing US Department of Commerce estimates, Lightbridge said in a statement to announce the MoU on 13 August that commercial nuclear energy opportunities in Vietnam are estimated at 10 billion dollars and are expected to grow to 50 billion dollars by 2030.
Vietnam plans to have two Russian reactors totalling 2,000 MWe at Phuoc Dinh in the southern Ninh Thuan province by 2020, followed by another 2000 MWe using Japanese technology at Vinh Hai in the same province. These plants would be followed by a further 6000 MWe by 2030.
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Managed & Built by I2M Consulting, LLC | © 2010-
Managed & Built by I2M Consulting, LLC | © 2010-