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  • Armenia, IAEA Satisfied With Level Of Cooperation

    ARMENIA, IAEA SATISFIED WITH LEVEL OF COOPERATION

    ARKA
    Jan 29, 2009

    YEREVAN, January 29. /ARKA/. Armenian President Serzh Sargsyan
    and General Director of International Atomic Energy Agency (IAEA)
    Mohammed Al Baradei discussed bilateral cooperation in Davos Thursday,
    the Press Service of Armenian President reported.

    The sides made appraisal of the current level of bilateral cooperation
    in atomic energy field. They also discussed issues on construction
    of a new nuclear power unit in Armenia, says the report.

    IAEA Director General appreciated the steps taken by the Armenian
    Government in connection with new NPP construction and expressed
    readiness to provide expert support in various stages of the project
    implementation.

    Al Baradei expressed satisfaction with the government measures to
    improve safety of the existing NPP.

    Armenian President, in his turn, expressed gratitude to Al Baradei
    for coordination of efforts of international donors and advisory
    assistance provided.

    Armenia is planning to build a new NPP unit with capacity
    of approximately 1,000 megawatt costing $4bln. In 2006 Armenian
    Parliament revoked the state monopoly for owning new nuclear power
    units in order to attract foreign capital for the project.

    The Armenian Nuclear Power Plant (NPP) was commissioned in 1976 (the
    second unit - in 1980).Currently only the second unit of the plant
    with output of 407.5 megawatt is operated.

    In September 2003, the financial flows of Armenian20NPP were placed in
    trust management of INTER RAO EES Closed Joint Stock Company owned by
    "Rosatom" Russian State Corporation. According to experts, Armenian
    NPP can be operated till 2016.
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