According to the Decision No. 09/2014/QD-TTg dated January 23, 2014 of the Prime Minister on financial obligations of organizations with nuclear power plants, modes of financial management to ensure operation termination and dismantlement of nuclear power plants, annually within 30 days after ending the fiscal year, organizations with nuclear power plants must deduct the revenue from selling electricity to submit to the fund ensuring the financial obligations
The deduction rate over the revenue from selling electricity annually of nuclear power plants is 1% in the first five years; 2% in the next five years. In the next operating period, every five years, the Ministry of Industry and Trade shall consider and present to the Prime Minister to decide on adjusting the deduction rate at the proposal of organizations with nuclear power plants and the nuclear power plants dismantlement plan approved by the competent agencies.
Under this Decision, organizations with nuclear power plan must assess the residual of the fund, estimation for total expenditure for operation termination and dismantlement of nuclear power plant within five years before the dismantlement of nuclear power plant. If the residual is not enough compared with the necessary expenditure for operation termination and dismantlement of nuclear power plant, organizations with nuclear power plan must set up plan to mobilize the capital to supplement into the fund one year before the dismantlement of the plant.
This Decision takes effect on March 10, 2014.
Download here: 54958_09-2014-QD-TTg
Source: www.luatvietnam.vn
