Vietnam’s government is scrapping plans to construct the country’s first two nuclear power plants, citing slowing demand for electricity and the declining price of other sources of energy. In 2009, the assembly approved construction of two nuclear power plants with a combined capacity of 4,000 megawatts. A contract to build the first plant was awarded to companies from Russia and one for the second plant wasgiven to companies from Japan. Construction was initially scheduled to start in 2014, but has been delayed several times. In early 2014, the government pushed back the plants’ construction to 2020.
The plants were approved in 2009, the government had projected power demand growth of 17-20 percent per year, but that has been revised to 11 percent for 2016-2020 and 7-8 percent in 2021-2030.
Currently, coal, oil and gas-fired power plants produce about half of Vietnam’s power needs. Much of the rest comes from hydropower.