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Armenia Approves Expansion Of Nuclear Plant

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  • Armenia Approves Expansion Of Nuclear Plant

    ARMENIA APPROVES EXPANSION OF NUCLEAR PLANT

    Agence France Presse
    Oct 27 2009
    France

    Armenia's parliament on Tuesday approved plans for the construction of
    a new reactor unit at the ex-Soviet republic's controversial Metzamor
    nuclear power station.

    Lawmakers voted in favour of plans to build a new 1,200-megawatt
    unit with a projected cost of four to five billion dollars (2.7 to
    3.4 billion euros). Officials have said they expect the new reactor
    to be completed by 2017.

    Energy Minister Armen Movsisian told lawmakers the new reactor would
    allow Armenia to increase electricity exports, a key source of revenues
    for the landlocked and resource-poor country.

    "Armenia's neighbours in the region have an energy deficit and Armenia
    is the only country that can produce electric power, not only for
    its own needs, but also for export," he said.

    "It must be emphasised that we are not talking about the construction
    of a new nuclear power plant, but about the construction of a new
    power unit," he added.

    Armenia relies on the Soviet-built Metzamor plant, 30 kilometres
    (18 miles) west of the capital Yerevan, for 40 percent of its
    electricity needs.

    Its current 407.5-megawatt power unit was brought online in 1976. The
    plant is operated by an affiliate of state-owned Russian power
    group UES.

    The European Union has pleaded with Armenia to shut down the ageing
    plant, which is in an area prone to earthquakes, and in 2004 offered
    to provide 100 million euros in compensatory aid.

    But Armenian officials say the country cannot afford to do without
    the plant, which also provides electricity for export to Iran.

    The nuclear plant was shut down temporarily in 1988 because of a
    major earthquake, but resumed operating in 1995 to help stave off a
    national energy crisis.
    From: Baghdasarian
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