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Armenia has no money to close nuclear power plant

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  • Armenia has no money to close nuclear power plant

    Armenia has no money to close nuclear power plant

    RosBusinessConsulting, Russia
    June 10 2004

    RBC, 10.06.2004, Yerevan 09:20:50. -- The Armenian Nuclear Power
    Plant will work until alternative sources of energy are found,
    Armenian Prime Minister Andranik Markarian told reporters today.
    According to him, a lot of money is required for closing the nuclear
    power plant. "Unfortunately, we do not have such a sum," the Prime
    Minister added. Markarian underlined that the international community
    did not provide Armenia with adequate financing. "An amount of EUR100m
    is being considered, but this sum is insufficient for closing the
    Armenian Nuclear Power Plant and developing alternative sources of
    energy," the Prime Minister pointed out.

    According to Markarian, Armenian energy experts are studying every
    possible source of energy. Additionally, they are developing programs
    of reconstruction of the existing thermoelectric and hydroelectric
    power plants to support Armenia's independence in the energy sector,
    the ARKA news agency reported.

    As reported earlier, the EU plans to provide EUR100m for Armenia for
    the development of alternative sources of energy, after an exact
    date is set for closing the nuclear power plant, which was put in
    use in 1980. The power plant was stopped in 1989 and was put back in
    operation in 1995. The power plant generates about 40 percent of all
    electrical power in Armenia on average. Experts reckon the nuclear
    power plant can remain in operation until 2018.
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