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Armenia plans to build new nuclear power units

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  • Armenia plans to build new nuclear power units

    RIA Novosti, Russia
    July 29 2005


    Armenia plans to build new nuclear power units


    YEREVAN, July 29 (RIA Novosti, Gamlet Matevosyan) - The government of
    Armenia believes the construction of new nuclear power units is a
    strategic goal to maintain and enhance the republic's energy security
    and independence, Armenian Prime Minister Andranik Markaryan said
    Friday.

    Markaryan held a meeting with chief of the International Atomic
    Energy Agency (IAEA) Muhammad El-Baradei who is currently visiting
    Yerevan.

    El-Baradei said the IAEA could assist Armenia in conducting
    feasibility studies for the construction of a new nuclear power
    station.

    The IAEA chief said that Armenia had made significant progress in
    enhancing the safety of the country's nuclear power station but much
    had yet to be done. He suggested the drafting of a systematized plan
    with an outline of the project's timeframe and financial breakdown to
    simplify creditors' efforts.

    Markaryan said Armenia was committed to using nuclear energy for
    peaceful purposes only and pursuing a nuclear non-proliferation
    policy.

    The Armenian nuclear power station was launched in 1980, but its
    operations were suspended in March 1989 for political reasons. It
    restarted operations in November 1995 due to a severe energy crisis
    in the republic.

    The station's second unit is equipped with Russia's first-generation
    VVER-440 reactor and generates an average of 30-40% of all electric
    power in the republic. Experts say the nuclear power station can
    operate until 2016.

    In September 2003, the nuclear power station was transferred to a
    subsidiary of Russia's electricity monopoly RAO UES and Rosenergoatom
    Corporation for five years of trust management.

    The European Union insists that Armenia's nuclear power station be
    deactivated and is ready to allocate 100 million euros for this
    purpose. However, Armenian experts say the creation of alternative
    energy capacities in the mountainous republic will require almost 1
    billion euros.
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