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Armenia Has No Alternative To New Nuclear-Power Unit Before 2016

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  • Armenia Has No Alternative To New Nuclear-Power Unit Before 2016

    ARMENIA HAS NO ALTERNATIVE TO NEW NUCLEAR-POWER UNIT BEFORE 2016

    Arka News Agency, Armenia
    April 11 2007

    YEREVAN, April 11/ ARKA/. Armenia has no alternative to the
    construction of a new nuclear-power unit before 2016, RA Deputy
    Minister of Energy Areg Galstyan stated at the lecture "On prospects
    for developing Armenia's energy sector".

    "A long-term assessment of the uptrend in natural gas prices until
    2025-2030, as well as possible rates of rise in prices for nuclear
    fuel, shows that Armenia practically has no alternative to the
    construction of a new nuclear power unit," hen said.

    Galstyan pointed out that special attention is paid to the development
    of atomic energy in Armenia.

    As part of the New European Neighborhood Policy, Armenia pledged
    to shot down the currently operating nuclear power unit as soon as
    possible, but on condition of construction of a new power unit of
    identical capacity in Armenia.

    According to the Minister the creation of the capacities is aimed at
    ensuring Armenia's energy independence.

    "All the measures to put the power unit out of operation must not
    affect the development of Armenia's energy sector and economy,"
    he said.

    The calculations based on the estimates of domestic demand and possible
    enhancement of the export potential testify that in 2016 Armenia will
    nee a power unit with a capacity of 1,000 megawatts, and the second
    power unit is likely to be constructed after 2020, Galstyan said.

    The construction of the new power unit is estimated at $2bln.
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