National Assembly approves special mechanism and policy for Ninh Thuan nuclear power project

National Assembly delegates vote to pass a Resolution on a number of special mechanisms and policies for investment in the construction of the Ninh Thuan nuclear power project. (Photo: DUY LINH)

On the morning of February 19, with 459/460 delegates participating in the vote in favor (equal to 96.03% of the total number of National Assembly delegates), the National Assembly passed a Resolution on a number of special mechanisms and policies for investment in the construction of the Ninh Thuan nuclear power project .

Apply the form of designated bidding according to the shortened process

Specifically, the National Assembly allows simultaneous implementation of negotiations with partners who have signed international treaties or with other partners to sign international treaties on construction cooperation and credit provision for project implementation, in parallel with the process of approving adjustments to investment policies and approving investment projects.

Regarding the selection of investors and contractors, the Prime Minister assigned investors to implement the projects.

Apply the form of designated bidding according to the shortened process for the turnkey package of the main plant construction with the contractor in the international treaty. The scope of work of the turnkey contract includes the work according to the provisions of the construction law and the work of preparing the site approval dossier, purchasing insurance for the entire scope of the contract (allowed to purchase insurance from a foreign insurance company without a branch licensed to establish and operate in Vietnam), supplying nuclear fuel, operating and maintaining the plant for a period of 5 years from the date of project acceptance and putting into use.

Apply the form of direct bidding according to the shortened process for important consulting packages in the investment preparation and project implementation stages, including: preparing and reviewing pre-feasibility study reports; consulting to assist investors in negotiating, signing, and managing the implementation of turnkey contracts; reviewing site approval documents, reviewing investment feasibility study reports for construction works, technical design, construction drawing design, specialized reports according to legal regulations; consulting on project management and construction supervision.

Apply the form of designated bidding according to a shortened process to appraise technology, safety, security, and inspect nuclear regulations in the investment and construction stages of Ninh Thuan nuclear power projects on the basis of effectively using domestic and international experts and organizations.

The order and procedures for designating contractors according to the shortened process are carried out in accordance with the provisions of the law on bidding.

Voting results. (Photo: DUY LINH)

Allowed to apply according to foreign sponsor regulations to arrange capital for the project

Regarding financial plans and capital arrangements, the National Assembly allows negotiations with the Government and implementing partners to arrange capital for the project according to the project's capital needs and the foreign sponsor's commitments; it is allowed to apply the regulations of the foreign sponsor in cases where Vietnamese law does not have regulations or has regulations but they are different from the regulations of the foreign sponsor.

Investors who are eligible to borrow and re-borrow under the method of re-lending agencies do not bear credit risks and do not have to carry out procedures for preparing proposals for programs and projects using ODA capital or foreign preferential loans. During the project implementation process, the Prime Minister is allowed to decide to use increased revenue, savings from the central budget and other legal capital sources for the project in case the loan agreement negotiation is unsuccessful or the loan size is insufficient.

Investors are allowed to arrange counterpart capital from loan sources, corporate bond capital, re-borrowed capital from government bonds, project bonds issued by the government, and bonds guaranteed by the government with re-borrowing conditions according to the borrowing conditions of the bond issuance, the project's debt repayment capacity and the Law on Public Debt Management.

The Prime Minister approved the policy of increasing the investor's charter capital from the source of revaluation of fully depreciated assets of handed-over BOT power plants and multi-purpose hydropower plants to implement the project with additional capital equivalent to the capital of important national projects.

Competent authorities and authorized re-lending agencies are not required to carry out procedures to assess the re-lending conditions of investors when re-lending ODA capital and foreign preferential loans as prescribed in Clause 3, Article 36 of the Law on Public Debt Management.

Allow exemption from investment project implementation guarantee according to the provisions of the Investment Law.

In addition, the National Assembly also allows the preparation and examination of pre-feasibility study reports in parallel with the process of negotiating international treaties and negotiating turnkey contracts; performing a number of tasks before deciding to invest in project construction, including: surveying, preparing, examining, and appraising technical designs of works and specialized reports according to legal regulations; clearing bombs, mines, explosives, and handling toxic chemicals; building construction electricity and water infrastructure and the investor's management and operation area at the construction site...

The resolution clearly states that during the time the National Assembly is not in session, the National Assembly authorizes the National Assembly Standing Committee to consider and decide on adjustments to project investment policies, except for cases of increasing the total investment of the project; supplementing and adjusting special mechanisms and policies for projects.

This Resolution comes into force from the date of its passage by the National Assembly.

Nhandan.vn

Source: https://nhandan.vn/quoc-hoi-thong-qua-co-che-chinh-sach-dac-biet-lam-du-an-dien-hat-nhan-ninh-thuan-post860591.html