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New Generation nuclear power plant may be built in Armenia,

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  • New Generation nuclear power plant may be built in Armenia,

    RIA Novosti, Russia
    April 12 2005

    NEW GENERATION NUCLEAR POWER PLANT MAY BE BUILT IN ARMENIA, IF FUNDS
    ARE ALLOTTED


    YEREVAN, April 12 (RIA Novosti) - Armenian President Robert Kocharyan
    admitted that a new modern technology nuclear power plant can be
    built in Armenia, while meeting with students of Yerevan State
    University.

    "The only currently operating nuclear power plant in Armenia will be
    stopped with time. Talks with the EU on this problem are under way,"
    the president said.

    Speaking on the prospects for the energy sector, the head of state
    noted that the development of alternative power is vital today.

    In particular, the construction of a hydropower plant on the Arax
    river is a major project in the hydro energy sector. Besides, about
    70 small hydro plants are being built, Kocharyan said.

    Also, the president said that late 2005 will witness the start of the
    reconstruction of the Yerevan thermoelectric power station, which
    will make it possible to save fuel.

    The construction of the Iran-Armenia gas pipeline is expected to
    start this month, which Kocharyan believes "will become a guarantor
    of safety and stability of Armenia's energy system."

    The Armenian nuclear power plant was put into operation in 1980 and
    stopped in March 1989. Then it was again activated in 1995, when an
    acute energy crisis occurred in the country.

    Equipped with a VVER-440 Russian first-generation reactor, the
    plant's second unit produces the average of 30-40% of the total
    Armenian energy. Experts estimate the plant is able to operate until
    2016.

    In September 2003 the nuclear power plant was handed over to the
    INTER RAO UES close corporation, an affiliate of RAO UES of Russia
    and the Rosenergoatom concern, for trust management for five years.

    The European Union insists on conserving the plant and is ready to
    allocate 100 million euros for that purpose. However, according to
    Armenian experts' estimates, at least a billion euros is necessary to
    develop alternative energy generating capacities in the country.
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