Vietnam abandons plan for first nuclear power plants


  • World
  • Wednesday, 23 Nov 2016

A man sits behind a model of a Japanese Mitsubishi nuclear reactor at the World Nuclear Power 2012 exhibition in Hanoi, Vietnam October 26, 2012. REUTERS/Kham/File Photo

HANOI (Reuters) - Vietnam's National Assembly voted on Tuesday to abandon plans to build two multi-billion-dollar nuclear power plants with Russia and Japan, after officials cited lower demand forecasts, rising costs and safety concerns.

The vote to scrap the country's first atomic energy project deals a blow to the global nuclear business and to Japan's drive to begin exporting reactors after the Fukushima disaster left its nuclear industry in a deep freeze.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Russian attack forces frustrated, hungry residents from Ukraine border town
Chinese EV maker Zeekr surges 34 pct in Wall Street debut
Mexico heat wave melts temperature records in ten cities, including Mexico City
Death toll of bus crash in Russia's St. Petersburg rises to 7
Clean hydrogen investment exceeds 73 bln USD in Canada
U.S. stocks close mixed amid low consumer sentiment
Pandemic agreement talks to continue beyond deadline: WHO
Spanish business summit strengthens Shanghai-Barcelona ties
April 2024 marks warmest April on record: NASA
Ukrainian attack kills three, sparks fire at oil depot in Luhansk, Russia-installed governor says

Others Also Read