Russia’s VTB Bank offers $1bn loan for Vietnam nuke plant February 21, 2013 - 16:37 AMT PanARMENIAN.Net - State-run VTB Bank, Russia’s second largest lender by assets, is ready to grant a $1 billion loan to Rosatom civilian nuclear power corporation to build Vietnam’s first nuclear power plant, VTB Management Board Member Valery Lukyanenko said on Thursday, Feb 21, according to RIA Novosti. “We are ready to support Rosenergoatom [part of Rosatom], which is taking part in the construction there … We said a week ago we are ready to allocate around $1 billion,” he said. The cost of building the Ninh Thuan Nuclear Power Plant in southern Vietnam is estimated at $10 billion. Prime Minister Dmitry Medvedev said in November 2012 Russia would grant a state loan for construction of the power plant, which will have two energy units with a capacity of 1.2 GW each. The work to prepare the construction site started in December 2011. Construction is expected to start in 2014. Vietnam plans to complete its first nuclear power plant in cooperation with Russia by 2020, and build a second plant in a joint project with Japan in a move to create 15 GW of nuclear power capacity by 2030. Partner news  Top stories Tigran Sargsyan noted that the new plant will be constructed after the current one is finally out of operation. IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining. Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices. Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices.   Partner news |  Latest news Russian expert rules out Karabakh war renewal by Armenia  Alexander Krylov: the possibility of the renewal of Karabakh war should not be exaggerated in the face of the balance of power.German scientists ready to include Armenian petroglyphs in UNESCO list The scientists conducted a survey of ancient rock art, with a database of Armenian petroglyphs to be later developed.OSCE Minsk Group Co-Chairs won’t visit Artsakh French Co-Chair of the OSCE Minsk Group Jacques Faure said the co-chairs are not planning a visit to Nagorno Karabakh.Penguin reaches $75mln agreement in iBooks price fixing lawsuit In a press release, Penguin's parent company, Pearson, noted it had made a $40 million provision for settlement in its 2012 accounts. |
