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Armenia Can Become Regional Leader In Power Industry

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  • Armenia Can Become Regional Leader In Power Industry

    ARMENIA CAN BECOME REGIONAL LEADER IN POWER INDUSTRY

    Noyan Tapan
    Oct 24, 2008

    YEREVAN, OCTOBER 24, NOYAN TAPAN. Cooperation in the energy sector
    is important from the economic point of view both for Russia and
    Armenia. Abel Aghanbegian, economist, Academician of the RF Academy
    of Sciences expressed this opinion at the round table "The Economies
    of Armenia and Russia Today and Tomorrow".

    He said that having much surplus of electricity, Armenia can become a
    regional leader in the power industry. Georgia, Turkey, Iran and Iraq
    are short of electricity so Armenia can sell power in large amounts
    and at profitable prices to these countries, including also power from
    the operation of the new nuclear power plant and the new efficient
    steam-and-gas units at Yerevan Thermal Power Plant, as well as the use
    of gas supply in two directions. Besides, Armenia has so far untapped
    great opportunities of its water resources and small hydropower plants.

    A. Aghanbegian noted that for construction of the new nuclear power
    unit, Armenia may use installations of Russian production which are
    one of the best in the world. For that reason China intends to start
    mass construction of nuclear power plants with Russian installations
    with a capacity of 800 megawatts, and the respective agreement has been
    signed with Russia. In the words of A. Aghanbegian, a cost-beneficial
    nuclear power unit should have a capacity of at least 800 megawatts.
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