Decision No. 09/2014/QD-TTg the Prime Minister promulgating financial obligations of organizations with nuclear power plants, modes of financial management to ensure operation termination and dismantlement of nuclear power plants

THE PRIME MINISTER

Decision No. 09/2014/QD-TTg dated January 23, 2014 of the Prime Minister promulgating financial obligations of organizations with nuclear power plants, modes of financial management to ensure operation termination and dismantlement of nuclear power plants

Pursuant to the December 25, 2001 Law on Organization of the Government;

Pursuant to the June 3, 2008 Law on Atomic Energy;

Pursuant to the Decree No. 70/2010/ND-CP dated June 22, 2010 of the Government detailing and guiding a number of articles of the law on atomic energy regarding nuclear power plants

At the proposal of the Minister of Industry and Trade;

The Prime Minister issues the Decision promulgating financial obligations of organizations with nuclear power plants, modes of financial management to ensure operation termination and dismantlement of nuclear power plants,

Article 1. Scope of application

This Decision regulates rights, obligations and responsibilities of organizations and individuals related to the deduction, remittance, management and finalization of the fund ensuring the financial obligations for operation termination and dismantlement of nuclear power plants.

Article 2. Subject of application

This Decision applies to organizations with nuclear power plants and organizations, individuals related to the establishment, management and finalization of the fund ensuring the financial obligations for operation termination and dismantlement of nuclear power plants.

Article 3. Fund ensuring the financial obligations

The fund ensuring the financial obligations (hereinafter referred as the fund): is the fund managed by organizations with nuclear power plants and is established to ensure enough capital sources for operation termination and dismantlement of nuclear power plants.

Article 4. Requirements for management of the fund

1. Ensuring the collection obligations and use of the fund in accordance with the regulations under this Decision and current regulations;

2. Ensuring the safety and development of capital source of the fund, promoting the efficiency of operation of the fund;

Article 5. Revenue sources of the fund

1. Revenue sources of the fund include:

a) Source accumulated from selling electricity: organizations with nuclear power plants must deduct the revenue from selling electricity annually to submit to the fund; this source shall be posted in electricity production price of nuclear power plants. The deduction rate over the revenue from selling electricity annually of nuclear power plants is as follows:

- In the first five years: the deduction rate is 1%;

- In the next five years: the deduction rate is 2%;

- 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.

b) Other revenues:

- Annual arising interests after fulfilling the financial obligations shall be included in the fund;

- Other legal revenues;

2. Time to deduct and remit:

a) The fund is deducted and remitted since nuclear power plant was put into commercial operation.

b) Annually, within 30 days after ending the fiscal year, organizations with nuclear power plant must remit the amount of money that is counted based on the regulations under Point a Clause 1 of this Article into the fund. 

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