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IRAN MAY BE INVOLVED IN NPP CONSTRUCTION IN ARMENIA, EXPERT SAYS
news.am
Aug 24 2010
Armenia
The construction of a new nuclear power plant is of critical importance
for Armenia's economic development. It will not only replace the
old nuclear power plant, but also enable the country to offer more
energy that is less expensive that the energy generated by thermal
power stations, said Sergey Kondratyev, Senior Expert, Institute of
Energy and Finance, reported EnergyLand.info.
It was not mere chance that Russia was selected as partner in the
construction project - the Armenian NPP designed by Russian specialists
remained operative after the Spitak earthquake.
"Russia's participation in funding the construction of a new nuclear
power plan is in full conformity with the Rosatom state corporation's
strategy of expanding its presence on the external market and getting
profits not only from construction, but also from operation of new
NPPs," the expert said.
The attraction of external investors, who would fund up to 60% of
the project, will facilitate risk diversification and involvement of
other interested entities. "It may be Iranian energy companies. Amid a
considerable increase in energy consumption in the country's central
and northern regions, Iran's power grid is having capacity deficit,
especially during peak loads. And Iran's share in Armenia's energy
exports is more than 70%," he said.
An Armenian-Russian agreement on the construction of a new NPP in
Armenia was signed in Yerevan on August 20. The document was the
result of talks between the RA and RF Presidents, Serzh Sargsyan and
Dmitry Medvedev.
On the threshold of the signing, Head of the Rosatom corporation
Sergey Kiriyenko stated that Russia can finance more than 20% of the
construction costs. The project is estimated at U.S. $5bn.
An Armenian-Russian company has been formed to implement the project.
The company will cover 40% of the construction costs, the rest 60%
to be attracted as investments. The RA Government is negotiating with
potential investors.
Rosatom is stockholder of the Metsamor Inter RAO company, which is
to construct the 2nd nuclear power unit at the Metsamor NPP. The
company is to complete the construction and put the new power unit
into operation before the old reactor is out of operation.
From: A. Papazian
news.am
Aug 24 2010
Armenia
The construction of a new nuclear power plant is of critical importance
for Armenia's economic development. It will not only replace the
old nuclear power plant, but also enable the country to offer more
energy that is less expensive that the energy generated by thermal
power stations, said Sergey Kondratyev, Senior Expert, Institute of
Energy and Finance, reported EnergyLand.info.
It was not mere chance that Russia was selected as partner in the
construction project - the Armenian NPP designed by Russian specialists
remained operative after the Spitak earthquake.
"Russia's participation in funding the construction of a new nuclear
power plan is in full conformity with the Rosatom state corporation's
strategy of expanding its presence on the external market and getting
profits not only from construction, but also from operation of new
NPPs," the expert said.
The attraction of external investors, who would fund up to 60% of
the project, will facilitate risk diversification and involvement of
other interested entities. "It may be Iranian energy companies. Amid a
considerable increase in energy consumption in the country's central
and northern regions, Iran's power grid is having capacity deficit,
especially during peak loads. And Iran's share in Armenia's energy
exports is more than 70%," he said.
An Armenian-Russian agreement on the construction of a new NPP in
Armenia was signed in Yerevan on August 20. The document was the
result of talks between the RA and RF Presidents, Serzh Sargsyan and
Dmitry Medvedev.
On the threshold of the signing, Head of the Rosatom corporation
Sergey Kiriyenko stated that Russia can finance more than 20% of the
construction costs. The project is estimated at U.S. $5bn.
An Armenian-Russian company has been formed to implement the project.
The company will cover 40% of the construction costs, the rest 60%
to be attracted as investments. The RA Government is negotiating with
potential investors.
Rosatom is stockholder of the Metsamor Inter RAO company, which is
to construct the 2nd nuclear power unit at the Metsamor NPP. The
company is to complete the construction and put the new power unit
into operation before the old reactor is out of operation.
From: A. Papazian