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Ministry Of Energy And Natural Resources: Armenia Will Not Experienc

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  • Ministry Of Energy And Natural Resources: Armenia Will Not Experienc

    MINISTRY OF ENERGY AND NATURAL RESOURCES: ARMENIA WILL NOT EXPERIENCE FINANCIAL PROBLEMS WHEN BUILDING NEW NUCLEAR POWER UNIT

    ArmInfo
    2009-06-08 11:55:00

    ArmInfo. Parliament of Armenia passed a bill On Construction of a
    New Nuclear Power Unit in the second and final reading, Monday.

    Armenia will not experience financial problems when building a new
    1000- 1200 MW nuclear power unit, Minister of Energy and Natural
    Resources Armen Movsisyan told parliamentarians. By preliminary
    evaluation, the project will cost $4-5 billion, the minister said. The
    minister said many countries and organizations are interested in
    the project and conduct regular consultations with the Ministry. In
    particular, Turkey and a number of other states are ready to co-
    finance the project. Many states are ready to co-finance and to
    participate in the construction, the minister said.

    A. Movsisyan submitted a bill On construction of a new nuclear
    power unit or power units to the parliament Tuesday. The bill
    regulates the selection of construction site as well as seismic and
    ecological security. A. Movsisyan said the document meets all the
    international technical norms and the IAEA standards. Research showed
    that construction of the new power unit in the area of the operating
    NPP is the most optimal, the minister said. He mentioned that only
    one power unit of 400 MW is currently operating at the NPP whereas
    the area is designed for 1600 MW.

    The problems of seismic and ecological safety are in the center of
    the government's attention and much funds will be allocated for this
    purpose from the cost of the project, Movsisyan added.

    He also said the new nuclear energy block is called not only to
    fully satisfy local electric power demand of Armenia but also to
    organize export.

    The minister said, in particular that all the four neighboring states
    of the region: Iran, Turkey, Georgia and Azerbaijan have electric
    power deficit and are watched as potential buyers. The minister said
    that today Armenia is actively working for integration in the energy
    systems of the regional countries. In particular, they are going to
    build the third Iran-Armenia power lines and the new Armenia-Georgia
    power lines. "I am sure in the near future we shall start building
    power lines with Turkey and this is envisaged by the contract of
    Armenian electric power supply to this country', - Movsisyan said.

    It was reported earlier that construction of the new nuclear power
    block will start by the end of 2010 - beginning of 2011. It will
    start functioning in 2017 and at present functioning energy block
    should be shut down.
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