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4.5 BILLION DOLLARS TO BE SPENT ON CONSTRUCTION OF NEW NUCLEAR POWER PLANT IN ARMENIA
Noyan Tapan
June 5, 2009
YEREVAN, JUNE 5, NOYAN TAPAN. 4.5 billion USD will be spent on
construction of the new nuclear power plant in Armenia. RA Minister
of Energy and Natural Resources Armen Movsisian told reporters on
June 3 that as a result of the assessment made 7-8 years ago, the
matter concerned 800 million USD.
However, according to the minister, several factors, first of all,
the sharp rise in prices of metals in the international market,
have contributed to the increase of this sum.
Besides, in his words, demand for nuclear plants has sharply grown
in the world: there are now orders for construction of nearly 50 new
nuclear plants. However, there are no capacities for production of
nuclear equipment assemblies in the world so the demand has led to an
increase in equipment prices, great demand for respective experts,
and longer periods of implementation. "Naturally, this affects the
price formation mechanisms," the minister underlined.
He said that a nuclear plant with a capacity of up to 1,200 megawatts,
a passive safety system and the refueling period of at least 18
months will be built in Armenia. The capacity of the operating
Metsamor nuclear plant is 400 megawatts, its safety systems are
active, and refueling of nuclear fuel is done every 12 months. It
was mentioned that there is much to be done before the start of the
new nuclear power plant's construction - in connection with orders
for the necessary equipment and its installation.
To recap, WorleyParsons international consortium (Australia)
was announced the winner of the tender for implementation of the
construction project of the new nuclear power unit in Armenia. The
Armenian government and the indicated organization have already signed
a 459.7 million-dollar agreement that envisages design and control
work, advisory services, etc. The minister said that WorleyParsons
will set up a company in Armenia, and 25% plus 1 share of its shares
will belong to the government, which means that the government will
be able to participate in the management process of the new nuclear
power plant.
Noyan Tapan
June 5, 2009
YEREVAN, JUNE 5, NOYAN TAPAN. 4.5 billion USD will be spent on
construction of the new nuclear power plant in Armenia. RA Minister
of Energy and Natural Resources Armen Movsisian told reporters on
June 3 that as a result of the assessment made 7-8 years ago, the
matter concerned 800 million USD.
However, according to the minister, several factors, first of all,
the sharp rise in prices of metals in the international market,
have contributed to the increase of this sum.
Besides, in his words, demand for nuclear plants has sharply grown
in the world: there are now orders for construction of nearly 50 new
nuclear plants. However, there are no capacities for production of
nuclear equipment assemblies in the world so the demand has led to an
increase in equipment prices, great demand for respective experts,
and longer periods of implementation. "Naturally, this affects the
price formation mechanisms," the minister underlined.
He said that a nuclear plant with a capacity of up to 1,200 megawatts,
a passive safety system and the refueling period of at least 18
months will be built in Armenia. The capacity of the operating
Metsamor nuclear plant is 400 megawatts, its safety systems are
active, and refueling of nuclear fuel is done every 12 months. It
was mentioned that there is much to be done before the start of the
new nuclear power plant's construction - in connection with orders
for the necessary equipment and its installation.
To recap, WorleyParsons international consortium (Australia)
was announced the winner of the tender for implementation of the
construction project of the new nuclear power unit in Armenia. The
Armenian government and the indicated organization have already signed
a 459.7 million-dollar agreement that envisages design and control
work, advisory services, etc. The minister said that WorleyParsons
will set up a company in Armenia, and 25% plus 1 share of its shares
will belong to the government, which means that the government will
be able to participate in the management process of the new nuclear
power plant.