tag

Vietnam and Russia Monday signed a co-operation agreement on the construction of Vietnam's first nuclear power plant, Russia's Rosatom nuclear agency said Monday.Prime Minister Pham Minh Chinh was visiting energy-rich Russia as Vietnam seeks to shore up its fuel reserves at a time of disruption to energy supplies caused by the war in the Middle East, sparking fears of fuel shortages around the world.Since the US-Israeli war against Iran began in late February, the cost of 95-octane petrol and diesel in Vietnam, a manufacturing hub, has soared by 50% and 70% respectively.The agreement lays out the legal framework for the construction of two reactors with a total output of 2,400MW at Vietnam's proposed Ninh Thuan nuclear power plant, Rostam said.Rosatom head Alexey Likhachev said the agreement would be the "foundation for a long-term industrial partnership, which will strengthen Vietnam's energy independence and open up new opportunities for economic growth".No timeline was given for when construction would start or when the plant might come online.Moscow and Hanoi had initially agreed to build the Ninh Thuan 1 atomic power station back in 2010, but later decided to suspend construction.Another agreement between Russia's top liquefied natural gas (LNG) producer Novatek and a Vietnamese buyer was also signed recently, Novatek's CEO Leonid Mikhelson said Monday."We have been in negotiations with potential buyers for over five years, and have very recently signed a preliminary supply agreement with one of them. We are ready to commence deliveries at the earliest opportunity," he told state broadcaster Rossiya 24, without naming the customer.Russia and Vietnam have also signed a deal on oil and gas production in both countries, the TASS state news agency reported, citing Russian Prime Minister Mikhail Mishustin, without giving details. 

Russia's Foreign Ministry has commended Rafael Grossi, Director General of the International Atomic Energy Agency (IAEA), for his efforts in establishing a "calm" around the Zaporizhzhia nuclear power plant, following successful international mediation that enabled a safe environment for essential maintenance work. Foreign Ministry spokesperson Maria Zakharova said Moscow had secured security guarantees from Ukraine to restore external power to the facility, an arrangement that had previously been unattainable. Zakharova noted that Russia raised the issue with Grossi, who engaged in intensive mediation efforts. After extended consultations, those efforts resulted in what she described as a "calm regime" that allowed repair work to begin. She also referenced a September 23 incident in which the Dniprovska power station was reportedly struck by Ukrainian forces, cutting off electricity to the nuclear plant and forcing it to rely on backup diesel generators to maintain critical systems. Repair crews began work on October 18, and the restoration of the damaged power line is expected to take several days. Zakharova emphasized Grossi's pivotal role in the process and expressed hope for continued constructive cooperation to ensure the safety and security of nuclear facilities in the region.

The International Atomic Energy Agency (IAEA) announced the start of a complex plan to restore power to the Zaporizhzhia nuclear power plant (ZNPP) in southern Ukraine after an unprecedented outage lasting nearly four weeks. This comes amid a local ceasefire that has allowed repair work to begin. IAEA Director General Rafael Grossi said on X platform, "Work has begun to repair damaged off-site power lines to ZNPP after a 4-week outage, following the establishment of local ceasefire zones to allow work to proceed. Restoration of off-site power is crucial for nuclear safety and security." Grossi explained that the repair work includes two cables of the 330 kilovolts (kV), which have been disconnected since May 7. Repairs are also due to begin on the damaged section of the 750 kV Dniprovska line, which was disconnected on September 23, causing the ZNPP's complete loss of off-site power. The IAEA reported that the repair work is expected to take about a week, noting that the power plant has been relying on seven emergency diesel generators for four weeks to power the cooling systems necessary to prevent the six shut-down reactors from overheating. Radioactivity levels in the area remain normal, and cooling systems are operating effectively. The Ukrainian Ministry of Energy reported that its experts are monitoring the situation on the ground, and considered the reconnection of the plant to the Ukrainian grid an essential step to ensuring stability and preventing any nuclear accident. The Russian plant's management also confirmed that the Russian Ministry of Defense is overseeing the safety of the repair teams during the plan's implementation, in coordination with the IAEA monitors deployed at the site. The ZNPP, located near the city of Enerhodar on the banks of the Dnieper River, is the largest nuclear facility in Europe and, before the war, provided about a fifth of Ukraine's electricity needs. The plant has been under Russian control since March 2022 and has since experienced 10 complete grid outages, raising repeated international concerns about the risk of a major nuclear accident.