Incidence of Electrocution Too High in the Construction Industry
Weekly Grind: Cheers to the New Year! New materials, innovative AI tech, and so much more...
How a 130-Year-Old Architecture Firm is Spearheading a Downtown Revitalization Project
Not-So-Good Vibrations: Is Hand-Arm Vibration Syndrome (HAVS) In Your Future?
Causes and Prevention of Cancer in the Construction Industry
Seven Steps to Having Positive Outcomes with Angry Customers
Hand Tools are Making Leaps and Bounds
Risks and Liabilities of Workplace Violence
By Associated Press
November 10, 2016
HANOI, Vietnam (AP) — 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, state media reported Thursday.
The state-controlled Tuoi Tre newspaper said the lawmaking National Assembly will ratify the government decision later this month.
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 was given 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 newspaper quoted Duong Quang Thanh, head of the state-run Electricity of Vietnam Group, which was to pay for the plants, as saying they are not economically viable because of other cheaper sources of power.
Thanh said when 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, power demand growth is not high, while domestically generated and imported sources of energy are sufficient for social-economic development. In particular, prices of imported sources of energy are much cheaper now," he said. "Nuclear power, therefore, cannot compete economically with other sources of energy."
Currently, coal, oil and gas-fired power plants produce about half of Vietnam's power needs. Much of the rest comes from hydropower.
Tuoi Tre quoted Le Hong Tinh, vice chairman of the National Assembly's Science, Technology and Environment Committee, as saying that another reason for the government's decision was that the price tag for the plants had doubled to $18 billion.
Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Daily Drill: Pipeline Trick and a Virtual Shovel
During ConstructConnect's 2018 Design & Construction Outlook webinar held on November 1, Kermit Baker, chief economist for the American Institute of Architects talked about the year-to-date movemen... Read More
If you're a construction worker, you're most likely working physical labor and it can get hot if you're working under the sun. Here's a guide for h... Read More
As an architectural statement, the campus is a monument both to Apple’s corporate success and centrality to the global tech culture. At 176 acres, ... Read More
August 8, 2016
"Some of the cool things that we're doing on job sites today are with Rovers and the alive platform. Alive is that software platform that glues to... Read More
You have worked hard all year long, so you deserve something extra special. Not sure what you want? Check out our construction-focused gift guide. ... Read More
We’ve compiled a list of our must attend trade-shows for 2018 that will help put yourself in a place that can open doors to your future. From green... Read More
We've selected eight women from all walks of life to ask them one common question: what advice would you give women who want to enter the construct... Read More