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INVESTMENT CONSULTATION OF NEUTRAL POWER PROJECTS
A nuclear power plant is a complex of works including one or more nuclear power generating sets, a transformer system that transmits electricity to the power grid, where radioactive substances are stored, transported and handled at the same location. and directly related to the operation of that nuclear power plant.
Vietnam is a developing country in the direction of industrialization and modernization along with the strong development of domestic manufacturing and outsourcing industries. The energy costs for this work are extremely large, requiring electricity production in the direction of using clean energy, but currently Vietnam only uses traditional energy (hydroelectricity, thermal power), the danger is not only from the depletion of natural energy sources but also from the pollution discharged into the environment, seriously affecting human health and ecology. The development of nuclear power not only increases supply but also creates new power sources in a more proactive direction, reducing dependence on nature.
Order and procedures for nuclear power project development in Vietnam
General principles on investment, construction, operation and decommissioning of nuclear power plants
- The investment in nuclear power plants must comply with the national electricity development planning and other relevant plannings.
- All activities related to investment in construction, operation and decommissioning of nuclear power plants must ensure the highest requirements for safety and security.
- The investment in the construction and operation of nuclear power plants must achieve economic efficiency, contribute to socio-economic development, minimize impacts on the environment, and improve and enhance the living standards of people. population in the locality where the nuclear power plant is located.
- Nuclear power plants are on the list of important works related to national security and must be specially protected and absolutely safe during survey, design, construction, operation and management. in accordance with the law on protection of important works related to national security.
- The licensing for nuclear power plants shall be carried out by state agencies at the request of organizations and individuals, demonstrating the responsibility of state agencies in site selection, design, construction, operation, exploitation or decommissioning of nuclear power plants. This provision does not exclude the primary responsibility for ensuring the safety of the licensed organization or individual.
Order and procedures for making, appraising and submitting pre-feasibility study report (investment report) of nuclear power plant project
- The investor shall make the pre-feasibility study report of the nuclear power plant project.
- A pre-feasibility study report on a nuclear power plant project has the following contents:
- a) The necessity to invest in the construction of nuclear power plants, favorable and difficult conditions; the mode of exploitation and use of national resources, if any;
- b) Estimated scale of investment: number of generating sets, capacity of each unit, construction area; work items under the project;
- c) Estimated location of nuclear power plant construction, no-population areas, restricted-population areas and land use demands.
- d) Preliminary analysis and selection of technology and specifications; conditions for supply of materials and equipment, fuel, energy, services and technical infrastructure; human resource training; plans for site clearance and resettlement; the project’s impact on the environment and ecology; issues of ensuring radiation safety, nuclear safety, response to radiation incidents, nuclear incidents, management of radioactive waste and spent nuclear fuel; fire prevention; security, national defense; project preparation communication;
- dd) Form of investment, preliminary estimate of total investment, project implementation time, capital mobilization plan according to the progress, socio-economic efficiency of the project and investment phase;
- e) Special recommendations to the National Assembly when considering and deciding on investment policy in nuclear power plants.
- Appraise and submit to the National Assembly for consideration and decision the policy of investment in construction of nuclear power plants:
- a) The Prime Minister shall establish a State Appraisal Council chaired by the Minister of Planning and Investment to appraise the pre-feasibility study report of a nuclear power plant project;
- b) Based on the appraisal results of the State Appraisal Council, the Government shall submit it to the National Assembly for consideration and decision on investment policies.
Prepare feasibility study report (Investment project) of nuclear power plant project
- The investor shall make a feasibility study report on the nuclear power plant project after the National Assembly approves the investment policy on the construction of a nuclear power plant.
- Contents of explanation of feasibility study report on nuclear power plant project:
- a) The necessity and objectives of the investment; assess regional and national electricity demand; social impacts on the locality and region; form of work construction investment; construction sites, restricted-population areas, restricted-population areas and land use demands; conditions for supplying raw materials, fuel and other inputs;
- b) Description of the scale and area of the work construction, the work items under the project; analysis and selection of technical options, technology and capacity; the plan to ensure the supply of nuclear fuel; plans to ensure radiation and nuclear safety; solutions for treatment, management of radioactive waste and environmental protection; human resource training plan; connection plan to the national electricity system;
- c) Implementation solutions include: overall plan on compensation, support and resettlement when the State recovers land; architectural design plans for works in the factory; fire prevention and fighting solutions; security assurance plans, according to the provisions of law; plans for training and using human resources; implementation segment, implementation schedule and project management form;
- d) Total investment of the project; ability to arrange capital, source of capital and ability to provide capital according to schedule; loan repayment plan and analyze and evaluate the economic – financial and social efficiency of the project.
The investor prepares an environmental impact assessment report
- The investor of a nuclear power plant construction investment project prepares an environmental impact assessment report.
- The environmental impact assessment report is prepared concurrently with the feasibility study report;
Investor prepares an overview report on nuclear power plant location selection
Preliminary steps for implementation of investment projects on construction of nuclear power plants
The investor sets up the design and construction of the nuclear power plant
Investors apply for a license to build a nuclear power plant
Regarding the capacity conditions of organizations and individuals in the construction of nuclear power plants.
- Organizations and individuals, when participating in the construction of nuclear power plants, must have sufficient capacity conditions suitable to the work items and the tasks they undertake.
- When participating in the following fields, organizations and individuals must fully satisfy the capacity requirements:
- a) Prepare a feasibility study report on the construction of the work;
- b) Manage construction investment projects;
- c) Design and construction of works;
- d) Construction survey;
- d) Construction of works;
- e) Supervising the construction of works;
- g) Testing specialized in construction;
- h) Quality inspection of construction works;
- i) Certificate of satisfaction of safety assurance conditions and certification of construction quality conformity.
Siglaw’s special incentives for customers related to nuclear power project investment consulting
- Free consultation on contracts, regulations on enterprise law, investment law of Vietnam.
- Free consultation on issues related to recruitment, use of foreign workers, residence of foreigners in accordance with Vietnamese law.
- Incentives for regular consultation and answers to tax-related issues: Personal income tax, corporate income tax, etc. at the time of consulting on offshore investment projects.
- … And many other added values that exceed customers’ expectations!
Above is the advice of Siglaw Firm on neutral power projects. If you have any questions, please contact:
Phone: (+84) 961 366 238
Email:
- vphn@siglaw.com.vn
- vphcm@siglaw.com.vn
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