GE Hitachi Continues to Support the Building of Vietnam's Nuclear Power Infrastructure

HANOI, Vietnam-October 26, 2015 -GE Hitachi Nuclear Energy (GEH) today signed a Memorandum of Understanding (MOU) with the Vietnam Atomic Energy Agency (VAEA) that is aimed at enhancing the agency's understanding of light water reactor technology and nuclear project management. The agreement calls for GEH and VAEA to cooperate to promote training and development of qualified human resources associated with the civilian nuclear power program in Vietnam.

GEH Senior Vice President David Sledzik joined Nguyen Thi Thu Trang, VAEA Deputy Director General, for the signing ceremony today at the VAEA office in Hanoi. Attendees included Susan Sutton, deputy chief of mission, United States Embassy and Chu Ngoc Anh, vice minister, Vietnam Ministry of Science and Technology.

"As Vietnam looks to low-carbon nuclear power to meet its burgeoning energy needs, we will continue to support the building of the nation's nuclear power infrastructure," Sledzik said.

Through the agreement GEH will provide practical work experience for VAEA staff in such areas as nuclear safety culture, project management and quality assurance.

The agreement exemplifies GEH's philosophy of leveraging local expertise and building infrastructure in nations adopting nuclear power and is the fourth MOU that GEH has signed in Vietnam in recent months. In February GEH signed an agreement with Vietnam Agency for Radiation and Nuclear Safety (VARANS) to promote the human resources training and development in the field of nuclear safety analysis.

In the fall of 2014, MOUs were signed with Hanoi University of Science and Technology and Electric Power University to cooperate in the field of nuclear engineering and technology. Twelve students from the two universities recently completed internships at GEH's world headquarters in Wilmington, N.C.

"Introducing these students to the nuclear industry and providing them with learning opportunities has been a rewarding experience for us," GEH Chief Operations Officer Jay Wileman said. "We look forward to them taking on integral roles in developing Vietnam's nuclear industry and we trust that their time with us will help contribute to their future successes."

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On Oct. 23 approximately 50 members of the National Assembly Committee on Science, Technology and Environment attended a presentation on nuclear technology by GEH Chief Consulting Engineer Dr. Eric Loewen. Loewen provided information about the evolution of boiling water reactors including the design of the Economic Simplified Boiling Water Reactor (ESBWR), which was certified in 2014 by the U.S. Nuclear Regulatory Commission.

With its advanced, true passive safety systems, the ESBWR is the world's safest approved nuclear reactor design, based on core damage frequency. The reactor can cool itself for more than seven days with no on-site or off-site AC power or operator action, uses approximately 25 percent fewer pumps and mechanical drives than reactors with active safety systems and offers the lowest projected operating, maintenance and staffing costs in the nuclear industry on a per-kilowatt basis.

Vietnam is planning to build more than 10,000 megawatts of nuclear generating capacity by 2030. As the provider of the world's safest reactor technologies GEH believes it is ideally positioned to provide technology and human resource development programs to help Vietnam meet its rapidly growing energy demands.

About GE Hitachi Nuclear Energy

Based in Wilmington, N.C., GEH is a world-leading provider of advanced reactors and nuclear services. Established in June 2007, GEH is a part of a global nuclear alliance created by GE and Hitachi to serve the global nuclear industry. The nuclear alliance executes a single, strategic vision to create a broader portfolio of solutions, expanding its capabilities for new reactor and service opportunities. The alliance offers customers around the world the technological leadership required to effectively enhance reactor performance, power output and safety.

For more information contact:

Jon Allen
GE Hitachi Nuclear Energy
+1 910-819-2581
jonathan.allen1@ge.com

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