October 18, 2013
The continued rave around natural gas growth other energy solutions are still on the table such as, nuclear. Nuclear was considered off the table after Fukushima but the need for nuclear exploration as clean long-term vital energy source persists. The strategic deployment of energy solutions reveals “Vietnam Presses Ahead With Ambitious Nuclear Plans” for production.
Associated Press announceed and ABC News reported, “Vietnam is pressing ahead with Southeast Asia’s most ambitious civilian nuclear energy program despite safety fears over the technology following the 2011 Fukushima disaster. Foreign companies and governments are competing to get a toehold in an industry that could be worth $50 billion by 2030, according to estimates by U.S. officials.”
The nuclear plans “received a boost last week with the announcement that the United States and Vietnam had signed an agreement allowing U.S. firms to develop civilian nuclear power here. Once President Barack Obama and top U.S. energy officials sign the so-called “123 agreement,” Congress will have 90 days to either challenge it or let it take effect.”
Facing an energy crunch after years of underinvestment and artificially low consumer electricity prices, Vietnam is planning to build seven nuclear plants in the coming years.
“Vietnam has the second-largest market, after China, for nuclear power in East Asia, and our companies can now compete,” U.S. Secretary of State John Kerry said last week after inking the agreement in Brunei with Vietnam’s Prime Minister, Nguyen Tan Dung. But in a sign of potential difficulties to come, the planned construction start date for the first two plants has been delayed by three years, from 2014 to 2017, said Vuong Huu Tan, head of Vietnam’s Radiation and Nuclear Safety Agency, in a recent interview.”
The disaster of nuclear technology invades the delivery of this energy source. The pervasive account of the devastation haunts future speculation but, research reveals with in a “2011 study by three scientists from Italian research institutions said historical precedent suggests Vietnam’s coastline is potentially vulnerable to earthquake-generated tsunamis originating farther east in the South China Sea- most vulnerable to wave impact.”
But Tan, the Hanoi-based nuclear official, said “safety is a high priority and Vietnam’s plants will be built to international standards.”
Nations have to manage and adapt to its environmental conditions while proceeding with the best-worst case scenarios for advancing a strong energy solution. Nuclear remains a viable solution as plants are coming online. The cost of these plants are economically challenging requiring partnerships and investment strategies reflected across infrastructural development.