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EU offers Armenia 100 million euros to shut down nuclear plant

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  • EU offers Armenia 100 million euros to shut down nuclear plant

    Agence France Presse
    March 15, 2004 Monday

    EU offers Armenia 100 million euros to shut down nuclear plant

    YEREVAN


    The European Union renewed pleas to Armenia Monday to close a nuclear
    power station in an earthquake-prone zone, saying it would provide
    100 million euros (122 million dollars) in compensatory aid.

    The Soviet-built Metzamor plant, 30 kilometres (18 miles) west of the
    Armenian capital Yerevan, supplies 40 percent of the energy in the
    former Soviet republic.

    It was commissioned in 1980 but closed temporarily because of an
    earthquake in 1988.

    "Safety is very important to us," said Torben Holtze, head of the
    European Commission delegation here.

    "The EU will give Armenia 100 million euros to create alternative
    energy production when Armenia sets a date for the closure of the
    power plant," he told journalists.

    But Armenian Finance Minister Vardan Khachatrian said his country
    would need a billion dollars to compensate for losses if the nuclear
    plant closes.

    The question of closure was "a very painful question for us," he
    said. "We will not close the plant until we have alternative energy
    sources."

    He said construction of a gas pipeline between Iran and Armenia set
    to begin this year would speed moves towards alternative energy.

    The nuclear plant was closed down temporarily in 1988 because of an
    earthquake at Spitak, but resumed operating in 1995 in order to help
    stave off a national energy crisis.

    The EU signed an accord with Armenia on closing the plant this year
    but Armenia has failed to meet this deadline.

    Officials here say the plant is capable of operating until 2018.

    Gaguik Markossian, the plant's director, said in December that
    international credits and aid had allowed Armenia to make many safety
    improvements at the plant, which includes two 440-megawatt reactors,
    only one of which is in operation.

    With electricity supplies reduced to three or four hours a day and
    industry in crisis, one of the reactors was restarted in 1995. Since
    then about 35 million dollars (28 million euros) have been spent on
    various safety improvements.

    The Institute for Applied Ecology in Austria says the Armenian plant,
    along with similar units in Bulgaria, is among the most dangerous in
    Europe.
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