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Armenia has no funds to build new nuclear unit

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  • Armenia has no funds to build new nuclear unit

    Haykakan Zhamanak, Armenia
    Dec 10 2010


    Armenia has no funds to build new nuclear unit



    The Armenian government has no funds of its own to build a new nuclear
    power unit in 2011, nor has it been able to find foreign funds to do
    so.

    Evidence of this is the fact that Armenia's state budget for 2011 does
    not envisage funds for the construction of a nuclear unit. Russia, the
    only foreign country that showed interest in the construction of a
    nuclear unit in Armenia, has instead approved the construction of a
    nuclear plant in Turkey, the report, authored by Hayk Gevorgyan, said.

    According to officially announced plans, an Armenian-Russian company,
    Metsamorenergatom, was to construct a new nuclear unit, but no plans
    for fund-raising for the construction were announced, Gevorgyan said.
    Russian President Dmitriy Medvedev immediately ratified an agreement
    on the construction of a nuclear plant in Turkey after returning to
    Moscow from the 1-2 December OSCE summit in Kazakhstan's Astana. This
    fact is noteworthy as "Russia is starting to build a nuclear plant in
    a country which would have purchased the output of our new nuclear
    unit which was to be built by the Russians as well," Gevorgyan said.

    So, the likelihood of the construction of a new nuclear unit in
    Armenia is very low, the report concluded.

    The construction of a new nuclear unit in Armenia will take about four
    to five years, and in order to ensure the continuous operation of the
    nuclear plant, the construction of a new unit should start in early
    2011 so it can be built before 2014 - the deadline for the lifetime of
    the existing Armenian nuclear plant, Gevorgyan added.




    From: A. Papazian
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