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Kocharian Says Armenia Eager to Replace Old Power Plant with Modern

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  • Kocharian Says Armenia Eager to Replace Old Power Plant with Modern

    KOCHARIAN SAYS ARMENIA EAGER TO REPLACE OLD NUCLEAR POWER PLANT WITH MODERN ONE

    ARMENPRESS

    YEREVAN, APRIL 27, ARMENPRESS: Armenian president Robert Kocharian
    told the students and faculty of the Yerevan State University today
    that Armenia 'should certainly have a nuclear power production
    facility.' He said the government is considering this option and
    practical steps are expected to come in 2008-2009.

    Kocharian said the best option for the country would be to build a
    new modern plant with advanced technologies on the infrastructures of
    the Metzamor power plant built in 1970-s, but added that the question
    is to calculate its exact cost and the extent of impact a new plant
    may have on electricity tariff policies.

    Kocharian said specific actions with regard to construction of a new
    power plant or a major reconstruction of the current one may come
    in 2012-2013.

    Armenia's Soviet-era Metzamor nuclear power plant, similar in design
    to Chernobyl's nuclear power station, is scheduled to close in 2016
    in line with Armenia's commitments before the European Union.

    It generates nearly half of the electricity consumed in the
    country. The station consists of two VVER-440 reactors and was shut
    down shortly after the 1988 earthquake, but this provoked a severe
    energy crisis and the government restarted one of the power units in
    November 1995 with a 407.5 MWe capacity.

    In 2003, the nuclear power station was handed over to Russian Unified
    Energy Systems (RAO UES) to manage for a five-year term to help pay
    off Armenia's debts.

    Last year Armenian government pushed through the parliament a legal
    amendment allowing it to seek for foreign investors who would be
    willing to provide an estimated $1 billion needed for construction
    of a new power plant.

    Also earlier this month the Russian and Armenian governments agreed
    to jointly develop Armenia's uranium reserves. A relevant agreement
    was signed in Yerevan by prime minister Serzh Sarkisian and Sergey
    Kirienko, the head of Russia's Federal Agency on Atomic Energy
    (Rosatom).

    Under the agreement Armenia and Russia will set up a joint venture
    to explore areas in the southeastern Syunik region, where uranium
    reserves were estimated by Soviet geologists at 30,000 metric tons.
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