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November 03, 2010

Philippines and Vietnam Future Nuclear Energy Plans and Deals

1. The Philippine Energy Plan 2007-2014 indicates room for the existing Bataan Nuclear Power Plant as well as four more nuclear plants, the earliest to be commissioned by 2015. Candidate sites are also opening up across the country: in Palawan, Cagayan, Cavite, Negros Oriental, Zamboanga del Norte, Bataan, Negros Occidental, Quezon, Batangas, and Sarangani, the district now represented in congress by boxing legend Manny Pacquiao



Electricity in the Philippines is the third most expensive in all of Asia, according to studies by University of the Philippines engineering professor Rowaldo del Mundo, with power in Iloilo City the most expensive in the whole world according to the Freedom from Debt Coalition, costing consumers PHP 12.95 per kilowatt-hour. This means that an average refrigerator alone, consuming about 1100 kWh per year, costs a household about PHP 1,187 per month in electricity bills, not yet counting the family’s other electrical appliances. This translates to spending of about 18% of per capita GDP only on powering a single refrigerator.

2. Vietnam signed nuclear power deals with Russia and Japan, leaders from the three countries said

Under a $5 billion agreement, Russia will build Vietnam's first nuclear power plant, with two power units, each with a capacity of 1.2 gigawatts. Construction is expected to start in 2014.

Vietnam's agreement with Japan for nuclear reactor construction is worth an estimated $14.4 billion and calls for two reactors in the southeastern Vietnamese province of Ninh Thuan with a combined output of 2 gigawatts, The Asahi Shimbun newspaper of Japan reports. They are scheduled to go online in 2021

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