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INTER RAO PLANS EARLY END TO MANAGEMENT OF ARMENIAN NPP - SOURCE
Interfax
Nov 24 2011
Russia
Inter RAO UES (RTS: IRAO) plans to end an agreement to manage the
Armenian Nuclear Power Plant, which is due to expire in September 2013,
a source from Inter RAO told the press Thursday.
Talks are being held to suspend the agreement ahead of schedule,
he said.
Armenia's Energy and Natural Resources Ministry and Inter RAO refused
to comment on this information to Interfax for now.
Armenian Energy and Natural Minister Armen Movsisyan did tell the press
in July that Armenia plans to reduce Inter RAO UES participation in
the management of the Armenian NPP. "The agreement on the management
of the NPP will change because mostly we [Armenia] manage the plant
and we will bring the agreement in line with the current situation,"
the minister said.
The Russian company helps in the acquisition of nuclear fuel for the
plant, but mostly management and financing is handled by Armenia, he
said. "Inter RAO UES will participate in management, but to a lesser
degree," Movsisyan said. The relevant changes to the agreement with
Inter RAO will be made in the next few months, he said.
At the time Inter RAO told Interfax that the agreement would be
reviewed, but it did not give any details.
Armenian NPP was transferred to the trust management of Inter RAO
UES to September 2013.
The NPP has two VVER-440 reactors with capacity of 815 megawatts. The
first reactor was launched in 1976 and the second in 1980. The plant
was shut down in early 1989 for political reasons and in 1995 the
second reactor with 404 megawatt capacity was restarted. Armenian
NPP accounts for around 40% of the electricity produced in the country.
Russia and Armenia completed all preparations in July 2011 for
construction of a new reactor for the plant, including a feasibility
report.
Russia and Armenian signed the agreement on a new VVER reactor for
Armenian NPP with 1060 megawatt capacity in August 2010. Armenia and
Russia's Atomstroyexport set up the joint venture Metzamorenergoatom
for the project, which is also searching for investors.
Construction is due to start in the second half of 2012 - 2013 and
end in 2017. It is expected to cost $4 billion to $5 billion.
From: Emil Lazarian | Ararat NewsPress
Interfax
Nov 24 2011
Russia
Inter RAO UES (RTS: IRAO) plans to end an agreement to manage the
Armenian Nuclear Power Plant, which is due to expire in September 2013,
a source from Inter RAO told the press Thursday.
Talks are being held to suspend the agreement ahead of schedule,
he said.
Armenia's Energy and Natural Resources Ministry and Inter RAO refused
to comment on this information to Interfax for now.
Armenian Energy and Natural Minister Armen Movsisyan did tell the press
in July that Armenia plans to reduce Inter RAO UES participation in
the management of the Armenian NPP. "The agreement on the management
of the NPP will change because mostly we [Armenia] manage the plant
and we will bring the agreement in line with the current situation,"
the minister said.
The Russian company helps in the acquisition of nuclear fuel for the
plant, but mostly management and financing is handled by Armenia, he
said. "Inter RAO UES will participate in management, but to a lesser
degree," Movsisyan said. The relevant changes to the agreement with
Inter RAO will be made in the next few months, he said.
At the time Inter RAO told Interfax that the agreement would be
reviewed, but it did not give any details.
Armenian NPP was transferred to the trust management of Inter RAO
UES to September 2013.
The NPP has two VVER-440 reactors with capacity of 815 megawatts. The
first reactor was launched in 1976 and the second in 1980. The plant
was shut down in early 1989 for political reasons and in 1995 the
second reactor with 404 megawatt capacity was restarted. Armenian
NPP accounts for around 40% of the electricity produced in the country.
Russia and Armenia completed all preparations in July 2011 for
construction of a new reactor for the plant, including a feasibility
report.
Russia and Armenian signed the agreement on a new VVER reactor for
Armenian NPP with 1060 megawatt capacity in August 2010. Armenia and
Russia's Atomstroyexport set up the joint venture Metzamorenergoatom
for the project, which is also searching for investors.
Construction is due to start in the second half of 2012 - 2013 and
end in 2017. It is expected to cost $4 billion to $5 billion.
From: Emil Lazarian | Ararat NewsPress