Is the good time to invest in Ninh Thuan?

Vietnams first two nuclear power plants will be built in the central coastal province of Ninh Thuan, with Plant No. 1 located in Vinh Truong village of Phuoc Dinh commune and the other in Thai An village of Vinh Hai commune.

The sites of these plants were announced at a conference held in Ninh Thuan province on Oct. 22 by the provincial Industrial and Trade Department and the committee in charge of preparation of investments for nuclear power and renewable energy projects.

Located about 20km from Phan Rang-Thap Cham city in the heart of Ninh Thuan province, Plant No. 1 will cover a land area of 502 ha, including 123 ha reserved for its core zone, where the reactor will be situated, and 379 ha for its safety zone.

The plant will encompass 310 ha of sea with 38 ha designed for a port and its facilities, and 272 ha for a safety zone. The facilities of the plants management and operation control boards will cover 20 ha.

The Ninh Thuan Plant No.1 is designed to have four 1,000-MW turbines to produce 4,000 MW. It will used imported fuels which will be transported by ship. Its first turbine is scheduled to start working in 2020.

The Ninh Thuan Plant No.2 will be built on a land area of 514 ha, with 119 ha for its core area and 395 ha for its safety zone.

The plant will have 308 ha of sea, including 36 ha for its port area and 272 ha for its safety zone.

With the same design capacity as the Ninh Thuan Plant No.1, Plant No. 2 is expected to commission its first turbine in 2021, the second in 2022, the third in 2024 and the last in 2025.

At the conference, representatives of the preparatory committee for nuclear power and renewable energy project also reported briefly on preparations for the project and provincial authorities provided information about land clearance on the sites./