NA approves resolution on special policies for Ninh Thuan nuclear power project

The National Assembly (NA) on February 19 approved a resolution on special mechanisms and policies for the Ninh Thuan nuclear power project.

The resolution takes effect immediately upon its approval.

The resolution outlines special mechanisms and policies for the Ninh Thuan 1 Nuclear Power Plant and the Ninh Thuan 2 Nuclear Power Plant, both span a total area of 1,642ha in the south-central province of Ninh Thuan.

Under the resolution, the NA has authorized negotiations with partners that have signed international treaties, as well as with other potential partners, to establish international agreements on cooperation, construction and credit financing for the project. These negotiations will take place in parallel with the approval process for investment policy adjustments and project approvals.

According to the resolution, the Prime Minister will allow the project investors to select contractors.

A direct contracting method under a streamlined process will be applied to the turnkey package for the construction of the main power plant, with contractors designated in international agreements.

This streamlined direct contracting process will also apply to key consulting services during both the investment preparation and project implementation phases.

It will also be used for evaluating technology, safety, security and nuclear regulatory compliance throughout the investment and construction phases of the Ninh Thuan nuclear power projects.