Russia May Construct Nuclear Power Station in Vietnam

The Russian Atomic Ministry is considering the possibility of constructing a nuclear power station in Vietnam, the press service of the Ministry told RosBusinessConsulting. Last week Russian Atomic Minister Alexander Rumyantsev and Vietnamese Industry Minister Hoang Trung Hai negotiated on financial terms of a project on constructing the station.

The Atomic Ministry pointed out that the project was "very promising". It may take some 12 years to put into operation one energy unit and its cost may be from $1bn to $1.5bn. Such countries as Japan, France, China and South Korea are also interested in constructing the station.

Russia and Vietnam signed an agreement on collaboration in the sphere of use of nuclear energy in 2001.